FCC spectrum auction tops $1 billion

Only seven business days after it began, the FCC’s 24 GHz spectrum auction “blow past the $1 billion mark Friday (March 22).” The FCC is auctioning the spectrum “to free up more bandwidth for 5G wireless broadband, to help close the rural digital divide, and to make wireless a stronger competitor to wired broadband. New York and L.A. continue to lead, with bids on licenses there of $28,080,000 and $21,606,000, respectively, with Chicago in distant third with $10,436,000.”

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