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The FCC’s 24 GHz auction raises £2bn, third mmWave sale to follow

The latest US spectrum auction, for 24 GHz spectrum (Auction 102), concluded on Tuesday, hard on the heels of its 28 GHz predecessor. “American leadership in 5G means deploying more airwaves for the next generation of wireless connectivity,” said FCC chairman Ajit Pai in a statement. “The successful conclusion of our nation’s first two high band flexible, mobile-use spectrum auctions is a critical step.” Together, the two millimeter wave auctions raised more than $2.7bn in gross bids. Combined, 55 applicants were qualified to bid, and the winning bidders won 5,869 licenses. Auction 101 ended with a total of $702.6m in gross bids, while Auction 102, which offered spectrum in far more markets, raised just over $2bn. The names of the winners have…

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