AWS-3 Auction: Round Six Pushes Bid To $3,918,996,000 - Multichannel

AWS-3 Auction: Round Six Pushes Bid To $3,918,996,000

The More Raised in the AWS-3 Auction, the Less Financial Pressure
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Round six of the FCC's AWS-3 auction saw a flurry of activity, with 841 new bids tallying an additional $566,767,300.

So far, the bids are at $3,918,996,000 for 1,269 of 1,614 licenses up for bid.

The bidding could go on for days, weeks or even months. Bidding continues until nobody bids in a round or exercises a waiver, which means it is passing but wants the chance to bid again.

In the AWS-3 auction, 65 MHz of spectrum is up for bid, part of a congressional—and White House—mandate to free up wireless spectrum for mobile broadband.

Read more at B&C here

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