The Federal Communications Commission (FCC) has confirmed that bidding in the ‘assignment phase’ of Auction 107 – which included 5,684 licences in the 3.7GHz-3.98GHz band – has now concluded. The assignment phase, which gave the winning bidders the opportunity to bid for frequency-specific licences, followed the ‘clock phase’ of the auction, which ended on Friday 15 January, after 97 rounds of bidding.
The clock phase generated total financial bids of USD80.917 billion, with all 5,684 licences sold, making it the highest-grossing spectrum auction ever held in the United States. The list of winning bidders is expected to be published in the coming days.
FCC Commissioner Brendan Carr commented: ‘We should build on this success by moving quickly with additional 5G auctions, including by moving forward this year with auctions in the 2.5GHz and 3.45GHz bands. Doing so will further secure US leadership in 5G.’