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Wireless Companies Bid $336 Million and Counting for 28 GHz 5G/Small Cell Spectrum ·
Forty companies, including hedge funds, phone companies, and wireless carriers have collectively bid $336,265,480 so far for about 2,500 28 GHz licenses (out of 3,072 available) that will be a part of the buildout of 5G millimeter wave wireless service. The FCC is currently auctioning off spectrum in the 27.5–28.35 GHz (28 GHz) band — a …