Bidding Starts in 5G High-Band Auction

The FCC auction of licenses in the 37, 39 GHz and 47 GHz bands opened Tuesday, with $715.3 million in gross proceeds after the first two rounds. The FCC is making 3,400 MHz of millimeter-wave spectrum available through the auction for 5G. The auction “shows that America is continuing to lead the world in 5G, the next generation of wireless connectivity,” said FCC Chairman Ajit Pai. “With this year’s high band auctions and continued focus on releasing critical mid-band spectrum next year, we will maintain our leadership in the emerging 5G economy,” said CTIA President Meredith Baker. Three rounds are scheduled for Wednesday.