FCC announces mid-band auction winners
September 3, 2020
The US’s Federal Communications Commission has released the results of the recently-concluded auction of 70 megahertz of Priority Access Licenses (PALs) in the 3550-3650 MHz band for 5G. The auction made available the greatest number of spectrum licences ever in a single FCC auction.
Auction 105 gross proceeds reached $4,585,663,345, with net proceeds totalling $4,543,232,339. A total of 228 bidders won 20,625 of 22,631, or more than 91.1 per cent, of available licences.
The five bidders with the largest total winning bid amounts were as follows:
|Bidder||Total Winning Bids|
|Verizon Wireless Network Procurement LP||$1,893,791,991|
|Wetterhorn Wireless LLC||$912,939,410|
|Spectrum Wireless Holdings, LLC||$464,251,209|
|XF Wireless Investment, LLC||$458,725,900|
|Cox Communications, Inc.||$212,805,412|
The five bidders winning the largest number of licences were as follows:
|Bidder||Number of PALs Won|
|Wetterhorn Wireless LLC||5,492|
|SAL Spectrum, LLC||1,569|
|AMG Technology Investment Group, LLC||1,072|
|Windstream Services LLC, Debtor-in-Possession||1,014|
|XF Wireless Investment, LLC||830|
Wetterhorn Wireless LLC is the bidding vehicle for DISH, with the remaining companies in the top five bidders by winning amounts all being cable companies. The third-largest bidder was Spectrum Wireless Holdings LLC, a subsidiary of Charter Communications. A unit of Comcast Corp. was the fourth-largest bidder. Cox Communications completed the top five.