FCC auction of mid-range spectrum hits new high of $66.4 billion

Bids in the Federal Communication Commission’s sale of mid-range spectrum have hit a record $66.4 billion, suggesting fierce competition to buy licenses as telecom firms build out their 5G networks.Credit: FCCSpecifically, the FCC is auctioning off wireless licenses for spectrum between 3.7 and 4 gigahertz. That’s a range well-suited for building out 5G networks that can be used by existing smartphones like the iPhone 12 and iPhone 12 Pro. Bids have been ongoing for three weeks as of Dec. 23, 2020.Read more…
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