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:
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Verizon. One of the companies whose work it now carries:
XO Communications built Competitive local, metro fiber and enterprise network operator. What became of it?
XO Communications brought Competitive local, metro fiber and enterprise network operator to Telecom. That work was distinctive enough to lead to its acquisition by Verizon for US$1.8B. The standalone name now passes into the archive — but the team and technology continue inside Verizon today. One of 430 names here whose work outlived the company.
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
