The auction for licences on the 24GHz band raised USD 2.02 billion.
The US Federal Communication Commission (FCC) announced the successful conclusion of bidding in the second auction (Auction 102) of millimeter wave spectrum assigned for 5G. In total, the auction for licences on the 24GHz band raised USD 2.02 billion. The previous millimeter wave auction of 28 GHz licenses (Auction 101) concluded back in late January and raised about USD 700 million.
The agency said it will release a public notice for Auction 102 and also for Auction 101 providing detailed results and information for winning bidders on post-auction procedures.
The FCC is already looking ahead to its upcoming December auction of spectrum in the upper 37 GHz, 39 GHz, and 47 GHz bands, which it said will be the largest spectrum auction in U.S. history.