FCC sets record with auction of key spectrum for 5G use

During 2021, U.S. carriers will take another huge step toward completing the build out of their 5G networks. , the FCC last week wrapped up an auction of mid-band spectrum in the C-band. These airwaves lie in the range of 3.7GHz-3.98GHz and heavy demand for the rare mid-band spectrum helped generate a record $80.9 billion in proceeds related to the auction. There were 57 bidders vying for a total of 5,684 licenses. Mid-band spectrum is very much in demand by U.S. carriers and has made these airwaves the key part of its layer cake approach to 5G. The previous record for money generated by …