Verizon was the top bidder with a commitment of over $45 billion in the FCC’s recent C-band auction.
Auction 107 net winning bids totaled $81,114,481,921 and gross winning bids totaled $81,168,677,645. Twenty-one bidders won all of the available 5,684 licenses.
“It is essential to America’s economic recovery that we deliver on the promise of next-generation wireless services for everyone, everywhere,” said FCC Acting Chairwoman Jessica Rosenworcel. “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 Bureaus, among others, for this success.”
The five bidders with the largest total gross winning bid amounts from both the clock and assignments phases were as follows:
Full results are here:
