The FCC announced the winners of the first two 5G spectrum auctions.
A total of thirty-three bidders won licenses in the Commission’s auction of 28 GHz licenses. Cellco Partnership, doing business as Verizon Wireless, paid the most money — $505,733,170 for 1,066 licenses in 863 markets. That was followed by US Cellular, which paid $129,404,200 for 408 licenses in 362 markets.
T-Mobile came in third, paying $ 39,288,450 for 865 licenses in 864 markets.
Bidding ended January 24, for Auction 101. The auction raised a total of $700,309,809 in net bids ($702,572,410 in gross bids), with 33 bidders winning a total of 2,965 licenses.
A total of thirty-eight bidders won licenses in the auction of 24 GHz licenses, which followed Auction 101. AT&T Spectrum Frontiers had the highest bid total, $982,468,996 for 831 licenses in 383 markets. Starry Spectrum Holdings had the next-highest bids totaling $48,462,700 for 104 licenses in 51 markets.
Down payments for Auction 102 are due June 17. Final payments for Auction 102 are due July 1.
June 4, 2019