AeroNet Announces Winning Bids in First Mid-Band 5G Auction

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GUAYNABO, Puerto Rico, Sept. 8, 2020 /PRNewswire/ — AeroNet, Puerto Rico’s leading high-speed business Internet service provider, announced today that it is one of the top winners of the FCC’s auction of 3.5 GHz mid-band spectrum. This auction made available the most spectrum licenses ever in a single FCC auction. The auctioned spectrum will further the deployment of next-generation 5G networks and the Internet of Things. 

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AeroNet Wireless Broadband

With an investment of more than $11 million, the company successfully won 224 licenses covering more than 80% of Puerto Rico. AeroNet aims to continue its path of innovation and growth of its network and infrastructure to speed up the availability of next-generation wireless-connectivity and other advanced spectrum-based services. 

“AeroNet’s promise to expand Puerto Rico’s Internet adoption is paramount. By securing the 3.5 GHz spectrum, we’ll reach more areas, especially rural, with faster and reliable service,” explain Gino Villarini, AeroNet’s founder and President. “We continue to invest in the latest technology to achieve our goal of providing the best connectivity and service to all of the island’s businesses and residents.”
For the Priority Access Licenses (PALs) in the 3550-3650 MHz portion of the 3.5 GHz band, Auction 105, gross proceeds reached $4,585,663,345, with 228 bidders winning a total of 20,625 licenses. …

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