After round five of the FCC's millimeter-wave auction (103), the bid total pushed toward $1 billion ($953,824,100 to be exact).
The FCC is auctioning 3,400 megahertz of flexible use spectrum (over 14,000 licenses) in the upper microwave band (37 GHz, 39 GHz and 47 GHz), the most spectrum the FCC has ever auctioned at one time. It can be used for both fixed and mobile uses and is being auctioned in 100 MHz blocks in partial economic areas (PEAs).
The highest profile bidders are Windstream (actually the debtors in possession), T-Mobile and U.S. Cellular Corp.
The current FCC price for the spectrum in New York is $6,134,000 and $4,189,000 for L.A., the top two markets and the top two prices.