FCC Releases Winners of First Mid-Band 5G AuctionFCC Announces Winning Bidders of 3.5 GHz Band AuctionToday’s Public Notice Details Winning Bidders in First Mid-Band 5G Auction and Explains Procedures Going ForwardThe 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:
The five bidders winning the largest number of licenses were as follows:
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 |