June 23 : The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the replacement of Chinese telecom equipment.The FCC said up to $3.3 billion of the auction’s proceeds will be used to cover funds bor

June 23 : The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the…

5G-grade band AWS-3 offered to meet demand of wireless consumers

The FCC’s AWS-3 auction raised about $3.5B, with up to $3.3B set to repay the Treasury loan behind the rip-and-replace programme.