AT&T Likely Big Bidder in AWS-3 Auction, Bank of America-Merrill Lynch Says

AT&T will emerge as the high bidder when results are eventually released from the AWS-3 auction, predicted analysts at Bank of America Merrill Lynch. They said in a Monday research note that AT&T will spend “upward” of $22 billion in the auction: “We are looking for management commentary with regard to what effect, if any, this spending will have on dividend increases and future share repurchase programs."