The Federal Communications Commission (FCC) has announced the conclusion of Auction 103, its third auction of 5G suitable millimetre wave (mmWave) spectrum to date. The process got underway on 10 December 2019 and comprised spectrum in the upper 37GHz, 39GHz and 47GHz bands. According to FCC data, the auction generated gross proceeds of USD7.57 billion. A total of 35 qualified bidders successfully bid on 14,142 of the available 14,144 available 100MHz Partial Economic Area (PEA) licences.
The watchdog noted: ‘Bidding in Auction 103 has concluded. The FCC will release the Closing Public Notice in the next few days that provides official notification to winning bidders, specifies the deadlines for payments and long-form applications, and gives details for other post-auction procedures.’