FCC Spectrum Auction 1

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The Federal Communications Commission's (FCC's) "Auction 1" was a landmark spectrum auction that took place from July 25 to July 29, 1994. It was the first time exclusive rights to a portion of the electromagnetic spectrum was auctioned off to public companies. involved the allocation of licenses for the Narrowband Personal Communication System (PCS) band. 10 nationwide licenses and 1 additional nationwide license were awarded for 901-902 MHz, 930-931 MHz, and 940-941 MHz. 6 winning bidders paid a total of $617,006,674 for the 10 licenses.

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