Canopy Spectrum was established to bid on wireless spectrum in the 3.70 – 3.98 GHz FCC C-Band Auction (Auction 107). C-Band spectrum is one of the largest blocks of mid-band spectrum available focused on carrier capacity demands, which spectrum need is necessary for nationwide 5G deployment. Shamrock backed an experienced management team, which had participated in several prior FCC spectrum auctions. Canopy Spectrum acquired 84 licenses in 43 unique markets across the United States.