2.5 GHz spectrum auction ends with just $428 million in bids
The FCC’s latest auction of midband spectrum ended after more than 70 rounds of bidding. However, the event generated winning bids of $428 million, an amount far below most analysts’ expectations.
T-Mobile is expected to walk away with the bulk of the licenses up for grabs in the auction. However, the FCC has not yet identified the winning bidders. The agency is expected to do so sometime early next month.
The auction, dubbed Auction 108 by the FCC, started in late July. The event released roughly 8,000 spectrum licenses all around the country in the 2.5GHz band. Most of the licenses are scattered haphazardly in primarily rural areas.
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