FCC’s 28 GHz Auction Ends, $700M+ Raised

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The FCC’s 28 GHz auction concluded yesterday after 176 rounds of bidding. 40 entities bid a total of $702,572,410 for 2,965 licenses. 107 licenses received no bids. The auction lasted 38 days.

FCC Chairman Ajit Pai called the first high-band 5G spectrum auction a success and said the next one, for 24 GHz spectrum licenses, would begin soon. 

“We can’t afford to rest on our laurels—and won’t,” he said. “The FCC will continue to aggressively push more spectrum into the commercial marketplace.”

After the 24 GHz auction, the agency will hold an auction of three more spectrum bands later this year. “By making more spectrum available, promoting the deployment of wireless infrastructure, and modernizing our regulations—the three components of the FCC’s 5G FAST plan—we’ll ensure that American consumers reap the substantial benefits that will come from the next generation of wireless connectivity,” said Pai.

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January 25, 2019

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