FCC auction remaining 28GHz and new 24GHz Spectrum

On Last Wednesday, Federal Communications Commission, in order to free up the space required for faster network of next-generation, had launched its first auction of high-band spectrum.

The auction made just $42 million in first two rounds of the initial bids whereas no opening bids had been seen for about one-third of the licenses to be auctioned. Though this could be called a modest start but Federal Communications Commission will expected to be auctioning for several weeks to complete its 101st spectrum auction. Spectrum of 28GHz band has been considered best for 5G networks and FCC is auctioning about 3,000 licenses for network operators allowing them to broadcast in this band.  But the auction is facing slow pace for 28GHz band due to least interest of carriers because Verizon, from earlier auctions with covering of most of the prime urban locations, has already owing more than 50 percent licenses of this band. Verizon, in parts of four cities using the 28GHz band, has already been testing high speed internet services.

Big names like T-Mobile, Verizon, Sprint and AT&T are also included in 40 of the FCC qualified potential bidder for the latest auction. This time also, like some earlier FCC auctions, smaller companies with limited presence or even individuals are expected to be buying for the spectrum covering more rural areas. After current series of auctioning 28GHz band, new auction series will be started to offer 24GHz spectrum by FCC, followed by the auction for 37GHz, 39GHz and 49GHz planned next year.

From 5G network era to get their share, more and earlier than competitors, commercial 5G compatible phones has already been announced to be launched next year by many companies. And while testing and developing 5G networks, Sprint Corp, Verizon Communications, AT&T Inc. and T-Mobile are also running to obtain spectrum.

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James Moon

Written by James Moon

James Moon:- Business and Services
I am James Moon and I give “News Stories World” an insight into the most recent news hitting the “Business and Services” sector in Wall Street. I have been an independent financial adviser for over 13 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

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