FCC sets record with auction of key spectrum for 5G use

“The FCC last week wrapped up on auction of mid-band spectrum in the C-band. These airwaves lie in the range of 3.7GHz-3.98GHz, and heavy demand for the rare mid-band helped generate a record $80.9 billion in proceeds related to the auction. There were 57 bidders vying for a total of 5,684 licenses. Mid-band spectrum is very much in demand by U.S. carriers, and T-Mobile has made these airwaves the key part of its layer cake approach to 5G. The previous record for money generated by an FCC auction for spectrum was the $44.9 billion generated by the FCC’s 2014 AWS-3 auction.”

PhoneArena.com article referring to this TVTechnology.com article.