FCC wraps up its first 5G auction with nearly 3,000 licenses

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The Federal Communications Commission has terminated bidding in its auction of spectrum for 5G, a next-generation wireless technology that guarantees super-fast speeds.

The FCC, that detached bidding for spectrum within the 28GHz band in Gregorian calendar month, aforementioned in an exceedingly statement Th that the auction raised a complete of quite $702 million in gross bids. a complete of two,965 28GHz licenses were won.

The commission can next hold associate degree auction of spectrum within the 24GHz band. It will not disclose the winning bidders for the 28GHz band till the second auction closes.

"The palmy conclusion of our nation's 1st high-band 5G spectrum auction may be a important step toward maintaining yankee leadership in 5G," independent agency Chairman Ajit Pai aforementioned in an exceedingly statement. "The independent agency can still sharply push additional spectrum into the business marketplace."

5G, successive generation of cellular technology, guarantees to spice up net speeds, coverage and responsiveness for wireless networks. it's going to modify functions like streaming HD videos on your mobile network and accommodate additional net of things devices.

Carriers are fast in an exceedingly race to maneuver to 5G. Last year, Verizon started a restricted 5G home broadband service and plans to start mobile 5G service this year. AT&T's 5G network went sleep in choose cities in Gregorian calendar month, although customers will solely faucet into the network mistreatment Wi-Fi hotspots. 

Auctions for 37GHz, 39GHz and 49GHz spectrum bands are going to be command later this year.

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