5G C-Band Auction Wraps Up First Phase, Raising Over $80 Billion

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The FCC today announced that its Auction 107 for C-Band spectrum has concluded its first phase, with final bids totaling $80.9 billion, shattering the record for any FCC auction. The auction made available licenses for 280 megahertz of spectrum in the 3.7 – 3.98 GHz band in the US. It is expected that wireless carriers snapped up most of the licenses and will use them to deploy expanded 5G networks that offer a better balance of coverage and speed than today's 5G networks, as well as additional network capacity for more users and faster data. This phase of the auction started in early December. In the next phase, winners in the first phase will be able to bid for specific frequency band slots. The FCC will announced the dates and details for that phase "soon".
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