The FCC has fined a company US$100 million for not using licenses to spectrum that is now considered promising for future 5G networks.

Straight Path Spectrum agreed on Wednesday to pay the civil penalty, surrender most of its licenses, and sell the rest, among other conditions in a consent decree with the U.S. Federal Communications Commission.

Straight Path Spectrum holds licenses in the 28GHz and 39GHz bands, both of which are identified for use in the next generation of cellular networks, the FCC said. It received the licenses in 2013 and 2014 on the condition that it use them to provide services.

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