TechMeme June 23, 2026
The FCC says an auction of wireless mid-band spectrum raised $3.5B+, which will largely be used to fund the replacement of Chinese telecom equipment in the US (David Shepardson/Reuters)
The US Federal Communications Commission auctioned wireless mid-band spectrum, raising over $3.5 billion. The funds will be used to replace Chinese telecom equipment in the US. This replacement effort is a key focus of the auction proceeds.