C-Band Auction First Phase Concludes, Raising $80.9 Billion
C-Band Auction First Phase Concludes, Raising $80.9 Billion
January 22, 2021
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The Federal Communications Commission (FCC) recently concluded the first phase, also known as the clock phase, of Auction 107, the largest auction of mid-band 5G spectrum. Auction 107 stands as the highest-grossing FCC spectrum auction in the U.S. to date, with final bids reaching $80.9 billion.
Auction 107 made licenses available for 280 megahertz of spectrum in the 3.7-3.98 GHz band, which is a portion of the C-band. After 97 rounds, bidders won all of the 5,684 spectrum blocks that were available. Auction winners have not yet been made public.
“These results represent a strong endorsement by the private sector of the service rules and transition plan put in place by the FCC to quickly make the C-band a critical part of 5G rollout in the United States,” said Ajit Pai, FCC Chairman. Pai continued, “As a result, we significantly advanced United States leadership in 5G and have enabled America’s wireless consumers to more quickly benefit from 5G services.”
With the clock phase completed, the auction now moves into the assignment phase, where winning bidders have the opportunity to bid for frequency-specific licenses. The FCC is said to announce the date, time, and additional details regarding the second phase of the auction soon.