Five US frequency auction bidding sessions on January 7th raised $1 billion. The gross total in the FCC’s repository now stands at $80.51 billion (€65.7bn).

Some smaller telcos can expect discounts on their bids so the eventual total will be less than the gross amount raised.

There remain five more sessions on January 8th, with Action 107, and then another week of sessions beginning on  January 11th. Round 80 will wrap the complete process on January 12th at 16.30 ET.

The overall gross sum is near-double the previous highest-ever total raised by the FCC on frequency auctions. The successful bidders will use the newly created bandwidth for 5G expansion.

Other posts by :

1. Starcloud wants 88,000 satellites
2. Lynk Global requests “experimental” satellite access
3. Safran Space links laser direct to satellite
4. SpaceX fearful of AST SpaceMobile’s potential?
5. Equatys wants 2,800 new satellites
6. FCC eyes freeing up Weird Space Stuff spectrum
7. SES happy with releasing 160MHz of spectrum for 5G
8. Inmarsat “likely to win appeal” over Ligado/AST action
9. FCC seeks fair play over foreign satellite access

Categories: Articles, M&A, Spectrum, Telco

Tags: C-band, FCC