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.

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.