Sprint Corp. said Saturday that it will not participate in a federal auction for additional wireless airwaves licenses.
Sitting out of the March auction leaves the Overland Park. Kan.-based wireless provider’s rivals, AT&T, Verizon and T-Mobile, in better position to snap up the licenses to use high-quality wireless spectrum. Spectrum carries wireless signals used by mobile devices to stream video, post photos online, check websites and more.
Sprint said it has ample wireless spectrum for its needs, though most of the spectrum it is currently rolling out is of a lower value.