FCC AWS-3 Auction Ends Day on Up Note

Bids, Totals Increase as Auction Heads Toward Holiday Break
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Bidding picked up in the last round (round 35) of the day at the FCC's wildly successful AWS-3 auction of 65 MHz of wireless spectrum.

Bids picked up over the previous round with 251 (vs. 131 in the previous round), and three licenses whose bids had been withdrawn drew new bids. The total for new bids in the round was $351,828,900 (up from the $334,391,800 in round 34), for a grand total in provisional bids of $37,472,259,300.

Of the 1,614 licenses available, all but 20 have provisional bids. At one point all of them had bids, but a handful were withdrawn.

There will be two more rounds of bidding Wednesday, then the auction takes a Thanksgiving holiday break until Dec. 1. While the auction will almost certainly be a record-breaker — the previous top money-getter was the 700 MHz auction at $18.9 billion — it is not officially one just yet.

Read more at B&C here

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