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FCC Releases Winners of First Mid-Band 5G Auction

FCC Announces Winning Bidders of 3.5 GHz Band Auction

Today’s Public Notice Details Winning Bidders in First Mid-Band 5G Auction and Explains Procedures Going Forward

The Federal Communications Commission today 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 3550-3650 MHz band (Auction 105).  This auction made available the greatest number of spectrum licenses ever in a single FCC auction.  The Public Notice details auction results—including the names of winning bidders—and announces deadlines for payments and the filing of long-form applications, as well as other post-auction procedures needed for the prompt issuance of licenses. 

Auction 105 gross proceeds 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.  

The five bidders with the largest total winning bid amounts were as follows:

Bidder

Total Winning Bids

Verizon Wireless Network Procurement LP

$1,893,791,991

Wetterhorn Wireless LLC

$912,939,410

Spectrum Wireless Holdings, LLC

$464,251,209

XF Wireless Investment, LLC

$458,725,900

Cox Communications, Inc.

$212,805,412

The five bidders winning the largest number of licenses were as follows:

Bidder

Number of PALs Won

Wetterhorn Wireless LLC

5,492

SAL Spectrum, LLC

1,569

AMG Technology Investment Group, LLC

1,072

Windstream Services LLC, Debtor-in-Possession

1,014

XF Wireless Investment, LLC

830

Today’s Public Notice specifies deadlines for payments and the filing of long-form applications and gives details for other post-auction procedures.  Post-auction long-form license applications are due by 6:00 p.m. Eastern Time (ET) on September 17, 2020.  This is also the deadline for each winning bidder to submit a down payment, equaling 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, 2020.   

Source: FCC media announcement

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