FCC Announces Results Of Record-Breaking C-Band Auction – $81.1 Billion In Gross Bids, With All Licenses Won

February 24, 2021 – The FCC’s Wireless Telecommunications Bureau has announced the results of Auction 107 – the auction of new flexible-use overlay licenses in the 3.7–3.98 GHz band. Auction 107, commonly referred to as the C-Band Auction, raised a total of $81,114,481,921 in net bids and $81,168,677,645 in gross bids, with 21 bidders winning all of the available 5,684 licenses. A list of all winners is available as Attachment A to the Bureau’s Public Notice.

The five bidders with the largest total gross winning bid amounts from both the clock and assignments phases are as follows:

Cellco Partnership (Verizon) – $45,454,843,197

AT&T – $23,406,860,839

T-Mobile – $9,336,125,147

U.S. Cellular – $1,282,641,542

NewLevel II, L.P. (Grain Capital/David Grain) – $1,277,395,688

The five bidders winning the largest number of licenses were as follows:

Cellco Partnership (Verizon) – 3,511

AT&T – 1,621

U.S. Cellular – 254

T-Mobile – 142

Canopy Spectrum, LLC – 84

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