2020 saw the successful conclusion of 3.5 GHz CBRS spectrum auctions for Priority Access Licenses (PALs). Run by the FCC, the process raised $4.58 billion in bids and gave U.S. enterprises a golden opportunity to take direct ownership of their own future connectivity needs. This CBRS spectrum will fuel the rise of private LTE and private 5G networks the length and breadth of the United States, spanning industry vertical markets.
Industry analysts, ABI Research, last year predicted that private LTE networks alone would contribute more than $16 billion to the U.S. economy by 2025. 2021 will see U.S. enterprises take their first big step towards achieving this incredible potential.
