AWS-3 $10 Billion Reserve Met in FCC Auction

Round 13 Did Trick, But Bidding Continues at Furious Pace

Round 14 in the AWS-3 auction is over and the bidding total stands at $14,176,437,300 for 1,303 of the 1,614 licenses available.

The FCC has officially popped the champagne, announcing that the reserve price for the largest block of spectrum has been met—which actually happened in round 13.

"At the conclusion of Round 13, the provisionally winning bid amounts, net of any applicable bidding credit discounts, for the paired 1755-1780/2155-2180 MHz licenses (the licenses in Blocks G, H, I, and J) exceeded $10,0660,326,600, thus meeting the aggregate reserve price for these licenses in Auction 97," the FCC said.

The auction looked like it was not pausing to toast the milestone, with almost $2 billion bid in round 14—there are 70 qualified bidders including AT&T, Verizon and T-Mobile—and over 700 new bids.

Read more at B&C here