FCC today announced the conclusion of bidding in Auction 103, which made 3,400 megahertz of millimeter-wave spectrum available in the Upper 37 GHz, 39 GHz, and 47 GHz bands.
The spectrum auction, which started on 10 December 2019, received $7,558,703,201 in net bids, with 28 bidders winning a total of 14,142 of 14,144, or more than 99.9 percent, of available licenses.
FCC did not name the winners.
“The conclusion of Auction 103 — the largest amount of spectrum offered in an auction in U.S. history — is one more significant step the FCC has taken toward maintaining American leadership in 5G,” said FCC Chairman Ajit Pai.
Last year, the FCC auctioned the 28 GHz and 24 GHz bands.
FCC will conduct the 3.5 GHz auction from June 25. FCC will organize the C-band or 3.7 GHz auction from December 8.
Auction 103 offered licenses made available, in part, because existing 39 GHz licensees committed to relinquish their 39 GHz spectrum usage rights in exchange for incentive payments determined by the bidding in Auction 103.