FCC Closes First Stage of 3.45 GHz Auction at $21.9B

The FCC’s 3.45 GHz auction ended Tuesday after 151 rounds. Gross proceeds in the so-called clock phase are nearly $21.9 billion. That makes it the third-highest spectrum auction in FCC history. Bidders won 4,041 of the 4,060 available generic blocks, the agency said.

Next, winners will have the opportunity to bid for frequency-specific licenses in the assignment phase. Some 100 megahertz of mid-band spectrum would be available for commercial use "across the contiguous United States," the agency noted.

“The FCC will release a public notice soon announcing further details … including the date and time when bidding in the assignment phase will commence,” the agency said. See also here and here.