Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here’s Why

November 14, 2018

Via: Fortune

The latest federal airwave license auction got off to a slow start on Wednesday, with initial bids in the first round totaling just $36 million and about one-third of the licenses getting no opening bid at all.

Still, it’s just the beginning of the Federal Communications Commission’s 101st spectrum auction, which likely will run for several more weeks and bring increasingly higher bids. The agency is selling more than 3,000 licenses to broadcast in the 28 GHz band, generally best for new 5G wireless networks coming online over the next few years and be anywhere from 10 to 40 times faster than current 4G LTE networks.

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