Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 7 Intangible Assets

Activity related to Licenses for the nine months ended September 30, 2020, is presented below:

	Licenses
(Dollars in millions)
Balance at December 31, 2019	$	2,471
Acquisitions	171
Transferred to Assets held for sale	(18)
Capitalized interest	4
Balance at September 30, 2020	$	2,628

In March 2020, the FCC announced by way of public notice that UScellular was the provisional winning bidder for 237 wireless spectrum licenses in the 37, 39 and 47 GHz bands (Auction 103) for $146 million. In June 2020, the wireless spectrum licenses from Auction 103 were granted by the FCC.