May 14, 2019 / 12:00PM GMT
Randall L. Stephenson - AT&T Inc. - Chairman, CEO & President
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high-speed distribution network, predominantly conducive for mobile and specifically hopeful for mobile video. And we began a little over 10 years ago acquiring a rather robust portfolio of just wireless airwaves. We spent a lot of money. We put over $40 billion over that time into accumulating a big portfolio of wireless spectrum.
And so we began putting that spectrum to work very methodically. And in 2016 something happened and it's really, really important to this whole thing because it was something that was going to allow us to put the strategy on steroids and really accelerate it. That was the government brought to market a bid to build out the nation's First Responder Network. And it's really important because the requirements, if you won this bid, were that you build out of all of America, including rural America, and the government would give you a really premium slice of spectrum to build this network into.
Why is that so important? We won the bid. To build this network, we
AT&T Inc at JPMorgan Global Technology, Media and Communications Conference Transcript
May 14, 2019
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