Verizon, AT&T Outbid Others In Latest FCC C-Band Auction
February 25, 2021
On Wednesday, the Federal Communications Commission (FCC) announced the winners of its 3.7GHz C-Band auction, which yielded more than $81 billion in gross winning bids by 21 bidders for 5,684 licenses. The licenses will be used to provide wireless spectrum to that will power 5G cellular networks.
“It is essential to America’s economic recovery that we deliver on the promise of next-generation wireless services for everyone, everywhere,” FCC Acting Chairwoman Jessica Rosenworcel said in the press release. “This auction reflects a shift in our nation’s approach to 5G toward mid-band spectrum that can support fast, reliable, and ubiquitous service that is competitive with our global peers. Now we have to work fast to put this spectrum to use in service of the American people. Special thanks go to our great FCC auctions team, and their colleagues in the Wireless Telecommunications and International B