The FCC said late Tuesday bidding has concluded in Auction 102, the agency’s second auction of millimeter wave spectrum suitable for 5G. Gross bids for the 24 GHz Upper Microwave Flexible Use Service licenses were $2,024,268,941, and bidders won 2,904 of the 2,909 licenses offered.
With the closing of bidding in this auction along with the Auction 101 for 28 GHz band licenses, the FCC has now completed its first set of high-band airwaves auctions to make spectrum available for 5G wireless, Internet of Things, and other advanced spectrum-based services.
Together, the Spectrum Frontiers auctions of the 24 GHz and 28 GHz bands raised more than $2.7 billion in gross bids. Combined, 55 applicants were qualified to bid, and the winning bidders won 5,869 licenses.
FCC Chairman Ajit Pai called the conclusion of the first two high-band flexible, mobile-use spectrum auctions a “critical step.” By making more spectrum available, he emphasized, “we’ll ensure that American consumers reap the substantial benefits that 5G innovation will bring and we’ll extend U.S. leadership in 5G.”