FCC Concludes Largest Ever Spectrum Auction

The Federal Communications Commission announced the conclusion of bidding in Auction 103, which made 3,400 megahertz of millimeter-wave spectrum available in the Upper 37 GHz, 39 GHz, and 47 GHz bands. The auction had a total of $7,558,703,201 in net bids, with 28 bidders winning a total of 14,142 of 14,144, or more than 99.9%, of available licenses. “The successful conclusion of Auction 103—the largest amount of spectrum offered in an auction in US history—is one more significant step the FCC has taken toward maintaining American leadership in 5G,” said FCC Chairman Ajit Pai. “A critical part of our 5G FAST plan is pushing more spectrum into the commercial marketplace. [In 2019], the FCC auctioned the 28 GHz and 24 GHz bands. All told, those two auctions and this one have made available almost five gigahertz of high-band spectrum for commercial use. To put that in perspective, that is more spectrum than is currently used for terrestrial mobile broadband by all wireless service providers in the US combined. Auction 103 was a tremendous success, and we look forward to building on this positive result with the 3.5 GHz auction, which is scheduled to begin on June 25, and the C-band auction, which is scheduled to begin on Dec 8.”

Auction 103 offered licenses made available, in part, because existing 39 GHz licensees committed to relinquish their 39 GHz spectrum usage rights in exchange for incentive payments determined by the bidding in Auction 103. The incentive payments for existing licensees totaled $3,084,172,898, leaving net proceeds for the auction of $4,474,530,303.