Page 18 - RC21 EDGE Summer Issue

On the Cover
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PHOTO COURTESY OF JBG SMITH
JBG SMITH ACQUIRES CBRS SPECTRUM
TO ESTABLISH NATIONAL LANDING AS FIRST 5G SMART CITY
RAEALCOMM STAFF
s part of an initiative to establish National Landing, a premier mixed-use urban community in Northern Virginia, as one of the first 5G hubs in the
U.S., JBG Smith has acquired seven
blocks of Citizens Broadband Radio Service (CBRS) spectrum for $25.3 million through a national auction. It also acquired a total of seven Priority Access Licenses stretching across Arlington County and the City of Alexandria. These licenses will span over 16.2 million square feet in National Landing and the Potomac Yard.
Known as the Citizens Broadband Radio Service (CBRS) band in the U.S., the 3.5 GHz PALs auction offered the first auction of mid-band spectrum for wireless carriers’ 5G services. CBRS spectrum is expected to greatly increase the number of private networks in the U.S., and expectations are high for a healthy secondary market as PAL licensees seek to lease their spectrum to other entities.
The CBRS auction was unique in a number of ways, including the fact that many qualified bidders included non-traditional auction participants,