3 years ago
Though the Federal Communications Commission officially closed its
doors more than a month ago, due to the U.S. government shutdown, the
agency kept enough staff around for a critical 5G development: Auction
101, the sale of 28GHz millimeter wave (mmWave) spectrum licenses
covering the United States. After 38 days and 176 rounds of bidding,
Auction 101 sold the licenses for just over $700 million - a decent
but not amazing sum for the U.S. Treasury.