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image credit: Piqsels

C Band auction’s first phase wraps up at $80.92 billion

January 15, 2021

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It’s perhaps fitting that the some of the last spectrum licenses at issue in the biggest dollar-figure spectrum auction that the U.S. government has ever held, were in a license area named for Franklin, NC, a little town of less than 4,000 people known locally as the Gem Capital of the World.

The 3.7 GHz auction has offered up treasure of another sort: Prized midband spectrum for carriers to deploy 5G, and nearly $80.92 billion in bids raised after 97 rounds. The Federal Communications Commission had bumped up the number of daily rounds and shortened them to 20 minutes each to chivvy the field of 57 bidders into settling the prices for the final licenses that were still seeing competition.

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