On January 5, according to foreign media reports, the Federal Communications Commission (FCC) of the United States is auctioning 3.7-4GHz spectrum suitable for 5G network construction. The bidding price has broken records and is far higher than analysts’ expectations.
According to foreign media reports, the US Federal Communications Commission8217;s ongoing 5G spectrum auction has exceeded US$76.5 billion, which is US$31.5 billion higher than the US$45 billion in 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 for 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 auction currently underway in the United States has also 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.
Foreign media reports show that before this part of the 5G spectrum in the United States began to bid, the largest bidders had about 70 billion U.S. dollars in cash for bidding, but the current bidding price has exceeded 70 billion U.S. dollars. They may Seek financing from the bond market.