The Federal Communications Commission (FCC) has confirmed that ‘Auction 102’ – its sale of licences in the 24GHz spectrum band – has now concluded, generating a total of USD2.0 billion. Bidders won 2,904 of the 2,909 available licences; the identities of the winning bidders will be disclosed in the coming days.
Bidding comfortably surpassed the amount raised in Auction 101, the watchdog’s previous sale of millimetre wave (mmWave) spectrum. That process – which involved 28GHz spectrum – concluded in January this year, generating a total of USD702.6 million.
On 10 December 2019, the FCC will begin Auction 103, which will comprise spectrum in the upper 37GHz, 39GHz and 47GHz bands.