The FCC today announced the winners of its recent auctions of mmWave radio bands for 5G services. Auction 101 was for the 28 GHz band and raised over $700 million in net bids with 33 bidders winning a total of 2,965 licenses. Auction 102, for the 24 GHz band, raised over $2 billion in net bids with 29 bidders winning a total of 2,904 licenses. Verizon focused on 28 GHz while AT&T and T-Mobile focused on 24 GHz. Verizon spent over $505 million on 28 GHz licenses covering 863 markets. AT&T spent nearly $1 billion on 24 GHz licenses covering 383 markets. (Note that the two auctions divide geographic markets differently.) T-Mobile spent $803 million for 24 GHz licenses covering 400 markets, but also $39 million for 28 GHz licenses covering 864 markets. US Cellular split its winning bids more evenly, with $129 million for 28 GHz and $127 million for 24 GHz.
from Phone Scoop - Latest News http://bit.ly/2WFAkhz
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