Bidding Ends in First Phase of 3.45 GHz Auction, Proceeds Total More Than $21M
Wednesday, November 17, 2021 | Comments

The FCC announced the conclusion of bidding in the first phase of the auction of licenses in the 3.45 – 3.55 GHz band.

In the clock phase, bidders won 4,041 of the 4,060 available generic blocks, and gross proceeds in the clock phase reached more than $21.8 billion, which places the auction among the highest grossing auctions in FCC history.

The gross proceeds during the clock phase of the auction surpassed the congressionally mandated reserve price in which 110% of the expected sharing and relocation costs for federal users currently operating in the band must be covered by auction proceeds.

The auction made 100 megahertz of mid-band spectrum for commercial use across the contiguous United States available. The spectrum licenses are divided into ten 10-megahertz blocks licensed by geographic areas known as partial economic areas (PEAs). License winners will operate within a cooperative sharing framework that will enable commercial use by an array of service providers while also ensuring coexistence with federal incumbents where and when they require continued access to the band.

Winning bidders will now have the opportunity to bid for frequency-specific licenses in the assignment phase of the auction. The FCC will release a public notice soon announcing further details regarding the assignment phase, including the date and time when bidding in the assignment phase will commence.

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