Mid-band 5G spectrum auction fetches $81 bn: FCC

The auction for mid-band 5G spectrum in the United States has exceeded $80.9 billion on January 15, the Federal Communications Commission (FCC) announced.
Verizon 5G network by Ericsson
The Auction 107, the largest auction of mid-band 5G spectrum, made available licenses for 280 MHz of spectrum in the 3.7-3.98 GHz band—a portion of the C-band.

FCC Chairman Ajit Pai said: “This historic FCC auction is already a record-breaking success. Bidders have won all of the 5,684 spectrum blocks that were up for bid. Gross proceeds have exceeded $80.9 billion, shattering the prior FCC auction record of $44.9 billion.”

Winning bidders will now have the opportunity to bid for frequency-specific licenses in the assignment phase of Auction 107. The FCC will release a public notice soon announcing further details regarding the assignment phase, including the date and time when bidding in the assignment phase will commence.

Latest

More like this
Related

Reliance Jio delays IPO to seek higher valuation

Reliance Jio Platforms has postponed its much-anticipated IPO, opting...

Spectrum auctions held globally: January to June 2025

Several countries have conducted spectrum auctions between January and...

Customer experience and operator performance at Expo 2025 Osaka

Japan’s four major operators — SoftBank, NTT DoCoMo, au...

10 strategic moves by SK Telecom to rebuild trust after cybersecurity breach

South Korea’s government has fined SK Telecom and ordered...