FCC concludes 2.5 GHz spectrum auction fetching $427 mn

The Federal Communications Commission (FCC) announced winning bidders in the 2.5 GHz band auction (Auction 108) that started on July 29.
5G spectrum auction in Belgium
In total, 7,872 of the 8,017 offered county-based licenses, or 98 percent of the total inventory, have been sold.

The five bidders with the largest total gross winning bid amounts were as follows:

Bidder Total Gross Winning Bids
T-Mobile License $304,325,290
PTI Pacifica $17,690,000
TeleGuam Holdings $16,565,000
Evergy Kansas Central $12,744,400
Cellular South Licenses $11,861,300

The five bidders winning the largest number of licenses were as follows:

Bidder Number of Licenses Won
T-Mobile License 7,156
North American Catholic Educational Programming Foundation 107
Evergy Kansas Central 54
LICT Wireless Broadband Company 46
Broadband One of the Midwest 42

Most of the available spectrum in the 2.5 GHz band is located in rural areas.

There are 63 winning bidders, 77 percent of which qualified as small businesses or as entities serving rural communities, which will support the introduction of innovative new wireless services in their local communities. Auction 108 raised gross proceeds exceeding $427 million.