FCC Concludes First 5G Mid-Band Spectrum Auction

The Federal Communications Commission announced the successful conclusion of bidding in its auction of Priority Access Licenses in the 3550-3650 MHz band. This auction, which was designated as Auction 105, made available the greatest number of spectrum licenses ever in a single FCC auction. This 70 megahertz of licensed spectrum will further the deployment of 5G, the next generation of wireless connectivity, as well as the Internet of Things and other advanced spectrum-based services. 

Bidding in the auction of 70 megahertz of Priority Access Licenses (PALs) in the 3550-3650 MHz band (Auction 105) concluded following round 76. Gross proceeds reached $4,585,663,345, and bidders won 20,625 of 22,631, or more than 91.1%, of available licenses.