FCC Announces Conclusion of Clock Phase of Auction 103


The Federal Communications Commission (FCC or Commission) has announced the conclusion of the clock phase of Auction 103, which resulted in gross proceeds of $7,561,724,774. Auction 103 is an auction of licenses in the Upper 37 GHz, 39 GHz, and 47 GHz bands. Bidders won 99.9% (14,142 out of 14,144) of available licenses and winning bidders will now have the opportunity to bid on frequency-specific licenses in the assignment phase of Auction 103. A Public Notice will soon be released outlining the details of the assignment phase.

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