FCC Raises $4.6B in First 5G Mid-Band Spectrum Auction; Ajit Pai Quoted

FCC Raises $4.6B in First 5G Mid-Band Spectrum Auction; Ajit Pai Quoted
Ajit Pai Chairman FCC

The Federal Communications Commission (FCC) has wrapped up the first mid-band spectrum auction for 5G networks and raised approximately $4.6 billion in gross bids.

Auction 105 freed up 70 megahertz of spectrum in the 3,550-3,650 MHz band and enabled bidders to secure more than 91.1 percent of available 22,631 priority access licenses, FCC said Tuesday.

“This auction has been a key part of our 5G FAST Plan and our ongoing push to make more mid-band spectrum available for 5G,” said FCC Chairman Ajit Pai. “And I look forward to the Commission making available 280 more megahertz of mid-band spectrum for 5G in the C-band auction beginning on December 8.”

FCC kicked off Auction 105 in July 2020.

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