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The answer is no. What determines maximum channel capacity is spectrum width not absolute value. For example 700 - 720 MHz would have the same potential capacity as 28000 to 28,020 Mhz. 28,000 to 28,160 Mhz could potentially have 40 times. 700 Mhz is much better spectrum than 28 GHz because lower frequencies have lower attenuation rates and travel further with acceptable signal to noise ratio. Lower frequencies are also much better going through walls. That's why Verizon and others paid so much for it.

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Q: Do frequencies in the 28 GHz spectrum have 40x the capacity of frequencies in the 700 MHz spectrum all other things being equal?
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