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FCC wraps up third millimeter wave 5G spectrum auction

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The Federal Communications Commission on Thursday wrapped up its third auction for millimeter wave 5G spectrum after concluding the assignment phase, where bidding didn’t add much to overall auction proceeds.

Auction 103 ended with $7.57 billion in gross bids or about $0.009 per MHz PoP for licenses in the 37, 39, and 47 GHz band, according to a brief by Wall Street firm Raymond James.

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