The US Federal Communications Commission (FCC) is auctioning the 3.7-4GHz spectrum suitable for 5G network construction. The bidding price has broken a record and is far higher than analysts’ expectations.
The US Federal Communications Commission’s ongoing 5G spectrum auction has already exceeded US$76.5 billion, which is US$31.5 billion higher than the US$45 billion of wireless spectrum auctions in 2015.
The US$45 billion in 2015 was the highest price for wireless spectrum auctions by the US Federal Communications Commission. The current auction price of 5G spectrum has exceeded US$76.5 billion, breaking the previous record and setting a new high.
As the auction continues, the auction price of this section of 5G spectrum in the United States will be higher. Analysts said in an interview that if the auction continues for a week or more, the auction price may reach 80 billion US dollars.
The 5G spectrum auctions currently underway in the United States have far exceeded analysts’ expectations. Analysts had previously expected US$47 billion, which is nearly US$30 billion higher.
The ongoing auction of 5G spectrum in the United States started last month. On December 23, the auction price reached 66.4 billion U.S. dollars. At that time, the auction only started 3 weeks, and it is currently less than 5 weeks. .
In terms of bidders, a total of 57 potential bidders participated in the bidding for this segment of 5G spectrum resources in the United States. In addition to the three major telecom operators, AT&T, Verizon and T-Mobile, there are also pay TV service providers Dish Network and Concass Special, Charter Communications, etc.