5G spectrum sells for $4.6B so carriers can expand networks

The FCC awards more than 20,000 licenses for midband 3.5GHz spectrum.

Corinne Reichert

The FCC netted almost $4.6 billion after auctioning off 5G spectrum to US carriers. The midband 3.5GHz spectrum will “further the deployment of 5G,” the FCC said Wednesday. More than 20,000 spectrum licenses were awarded, with the FCC to announce more details later this week. 

Read more at: https://www.cnet.com/news/5g-spectrum-sells-for-4-6b-so-carriers-can-expand-networks/#:~:text=The%20FCC%20awards%20more%20than%2020%2C000%20licenses%20for%20midband%203.5GHz%20spectrum.&text=The%20FCC%20auctioned%20off%20more%205G%20spectrum%20for%20%244.6%20billion.&text=The%20FCC%20netted%20almost%20%244.6,5G%20spectrum%20to%20US%20carriers.

More on the topic:

Aug 25, 2020: The Federal Communications Commission today announced the successful conclusion of bidding in its auction, which was designated as Auction 105, of Priority Access Licenses in the 3550-3650 MHz band.

https://www.fcc.gov/document/fcc-concludes-first-5g-mid-band-spectrum-auction