High-Band 5G Auction Phase Ends, With $7.56B in Gross Proceeds

The FCC auction of 3,400 MHz in the 37, 39 and 47 GHz bands garnered gross proceeds of $7.56 billion, the agency announced during commissioners' monthly meeting. “Bidding in the clock phase" ended Thursday after round 104.

"Bidders won 14,142 of 14,144, or more than 99.9%, of available licenses," a spokesperson emailed (and see here). "Winning bidders will now have the opportunity to bid for frequency-specific licenses in the assignment phase of Auction 103." Look for a public notice "soon" with details.

The auction brought in the highest bids of any high-band FCC sale, Communications Daily reported a few days ago.