Verizon Leads Spending in CBRS Auction, Wetterhorn Picks Up the Most PALs
Wednesday, September 02, 2020 | Comments

The FCC released a public notice detailing the results of and next steps related to the recently concluded auction of 70 megahertz of priority access licenses (PALs) in the 3.55 – 3.65 MHz Citizens Broadband Radio Service (CBRS) band. Verizon Wireless Network Procurement led all bidders with total winning bids of $1.89 billion, while Wetterhorn Wireless won the most PALs with 5,492.

Wetterhorn was also the second highest bidder, spending $912 million in the auction. The top five in spending was rounded out by Spectrum Wireless Holdings with $464 million, XF Wireless Investment with $458 million and Cox Communications with $212 million.

The top five for most PALs won was rounded out by SAL spectrum with 1,569; AMG Technology Investment Group with 1,072; Windstream Services with 1,014; and XF with 830.

Gross proceeds from the auction reached $4,585,663,345, with net proceeds totaling $4,543,232,339. A total of 228 bidders won 20,625 of 22,631, or more than 91.1%, of available licenses.

Post-auction long-form license applications are due by 6:00 p.m. ET on September 17. This is also the deadline for each winning bidder to submit a down payment, equal to 20% of the aggregate net amount of its winning bids, via wire transfer to the FCC. Final payments are due by 6:00 p.m. ET on October 1.

Find the full public notice here.

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