High-Band 5G Auction Phase Ends, With $7.56B in Gross Proceeds
The FCC auction of 3,400 MHz in the 37, 39 and 47 GHz bands garnered gross proceeds of $7.56 billion, the agency announced during commissioners' monthly meeting. “Bidding in the clock phase" ended Thursday after round 104.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
"Bidders won 14,142 of 14,144, or more than 99.9%, of available licenses," a spokesperson emailed (and see here). "Winning bidders will now have the opportunity to bid for frequency-specific licenses in the assignment phase of Auction 103." Look for a public notice "soon" with details.
The auction brought in the highest bids of any high-band FCC sale, Communications Daily reported a few days ago.