Revenue from major US 5G spectrum auction exceeds $80 billion.

The commercial radio frequency usage rights in the United States have been authorized by auction, led by the Federal Communications Commission. According to FCC official news, the US mid-band 5G auction revenue has reached 80.9 billion US dollars, far exceeding the previous record of 44.9 billion US dollars.

The Federal Communications Commission has announced the bidding at the clock stage of auction 107, the largest auction of mid-band 5G spectrum and the highest-grossing spectrum auction overall in the US.

The auction made available licenses for 280 megahertz of spectrum in the 3.7-3.98 GHz band and a portion of what is known as the C-band.

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FCC Chairman Ajit Pai said, “This historic FCC auction is already a record-breaking success. Bidders have won all of the 5,684 spectrum blocks that were up for bid. And gross proceeds have exceeded $80.9 billion, shattering the prior FCC auction record of $44.9 billion.”

The FCC will successively issue C-band use licenses to operators, and will soon announce detailed information on frequency band allocation. After this, the construction of 5G networks in the United States will be further advanced.

FCC significantly advanced United States leadership in 5G and has enabled America’s wireless consumers to more quickly benefit from 5G services.

In addition, Verizon Communications and AT&T are expected to be among the major conquerors of the spectrum in the auction.


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