24GHz 5G Auction Passes $1.7B

24GHz 5G auction up to $1,710,903,965 as of Monday afternoon.

Dan Jones, Mobile Editor

April 1, 2019

1 Min Read
24GHz 5G Auction Passes $1.7B

The 24GHz 5G auction in the US has topped $1.7 billion in bids on Monday afternoon.

The government has listed "gross proceeds" of the auction so far at $1,710,903,965 after 2pm ET Monday.

Major conurbations are still the key targets in the auction so far, including New York City, Los Angeles and Chicago.

The bidding is coming from 38 qualified bidders. These so far include AT&T, Verizon and T-Mobile. However, Frontier and Cox have been left out of the bidding. (See Cox, Frontier Won't Bid in 24GHz 5G Auction .)

THe 24GHz auction has already beaten the 28GHz spectrum auction that proceeded it, which earned $704 million. More millimeter wave 5G auctions are expected through 2019.

Companies like AT&T have already asked for 24GHz trials to be allowed by the FCC.

AllNet Insights & Analytics predicted in January that the 24GHz auction (also known as Auction 102) could generate between $2.4 billion and $5.6 billion in final proceeds.

— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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