FCC raises $2.7 billion in two spectrum auctions2019-05-29 17:44 by Daniela
The Federal Communications Commission has officially wrapped up its first two millimeter wave spectrum auctions of the year - Auction 102 (involving the 24 GHz band) and Auction 101 (involving the 28 GHz band).
The FCC's 24 GHz auction concluded at 5 p.m. Tuesday (May 28). The clock phase of the auction of high-band spectrum for 5G ended April 17 with a total $1,988,888,836 bid for the spectrum over 91 rounds—2,909 licenses were available, 2,904 drew bids. Combined with the 28 Ghz auction, which closed Jan. 24, the FCC's first two high-band spectrum auctions drew $2.7 billion in gross bids for more than 5,800 spectrum licenses from a total of 55 bidders.
"American leadership in 5G means deploying more airwaves for the next generation of wireless connectivity," said FCC Chairman Ajit Pai in a statement. "The successful conclusion of our nation's first two high-band flexible, mobile-use spectrum auctions is a critical step. By making more spectrum available, we'll ensure that American consumers reap the substantial benefits that 5G innovation will bring and we'll extend U.S. leadership in 5G."
The agency is already looking ahead to its upcoming December auction of spectrum in the upper 37 GHz, 39 GHz, and 47 GHz bands, which it said will be the largest spectrum auction in U.S. history.
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