The US Federal Communications Commission (FCC) has confirmed that Auction 103 – the sale of spectrum in the Upper 37GHz, 39GHz and 47GHz bands – has generated a total of USD7.562 billion after the conclusion of the Clock Phase. The process, which commenced on 10 December 2019, ended after 104 rounds of bidding, with 35 bidders registering offers for all but two of the 14,144 licences on offer. The bands have been licensed as 100MHz blocks covering Partial Economic Areas (PEAs). The identities of the successful bidders will be announced following the receipt of down payments.
TeleGeography notes that Auction 103 represents the third sale of millimetre wave (mmWave) spectrum by the FCC in the last twelve months, following Auction 101 (28GHz) and Auction 102 (24GHz). Auction 101 generated a total of USD702.6 million, while Auction 102 raised USD1.989 billion.