After 11 rounds Thursday (July 30), the FCC's CBRS auction had drawn $$723,243,566 in gross proceeds.
That was up from $675,158,287 in round 10, $632,051,948 in round nine and an increase of more than $200 million million over round six's $519,155,888 total on Monday (July 27).
The auction, the FCC's first-ever flexible-license mid-band auction, began with a single, six-hour, round; moved to two, two-hour rounds, for the succeeding two days, and on Wednesday shifted to three, hour-and-a-half rounds until further notice, which is at least through Thursday, according to the FCC's web site.
The FCC is auctioning 70 MHz worth of county-based Priority Access Licenses (PALs) (a whopping 22,631 of them) in the 3550-3650 MHz 93.5 GHz) band. It is the most-ever flexible-use licenses available in a single auction, the FCC said. Each license will be a 10 MHz unpaired channel. There are 271 qualified bidders.
The band is being shared by federal and non-federal users, with incumbents--Navy radar, for example--having the top priority, followed by PALs and then general authorized users (GAAs).
Sasha Javid, COO of BitPath and former top FCC auction official, said that a couple of the key questions the auction should answer is how much Verizon, AT&T and T-Mobile-Sprint is willing to pay for spectrum that requires frequency coordination and "strict" power limits and whether Charter and Comcast (or Dish) will "take the plunge" and bid "in a meaningful way."