Media reported that the Federal Communications Commission (FCC) this week announced the latest round of 3.5GHz wireless spectrum auction, sold the most licenses to date (more than 20,000 copies), a total of more than $4.5 billion. Verizon and Dish spent a lot of time during the auction, while AT&T and T-Mobile were relatively less active, possibly preparing for the C-band spectrum auction later this year.
The auction, which lasts from July 23 to August 25, offers a 70MHz Priority Access License (PALS) in the 3350-3650 MHz band.
In the end, the FCC auctioned 20,625 licenses, received $4.5856 million and $3,345 from 228 bidders, with the highest-paid Verizon Wireless handing over $1.893.79 million.
This was followed by Dish Network, which offered $912.93 million in exchange for 5,492 licenses under the name Wetterhorn Wireless LLC.
Charter, XF Wireless Investment/Comcast, and Cox Communications, which bid under the name Spectrum Wireless Holdings, paid $464.25 million, $458.72 million, and $212.8 million, $5412, respectively.
Curiously, there was little action at AT&T, and T-Mobile bid for only a small number of license plates. Mark Lowenstein, managing director of Mobile Ecosystem, speculated that the two companies might focus their money and energy on the C-band spectrum auction planned for December.
Finally, the FCC states that the winning bidder must make a down payment (20% of the total bid amount) by September 17 and make up the remainder by October 1, 2020.