After four rounds, the FCC's auction of advanced wireless spectrum (AWS-3 auction) has drawn $2,851,482,100 in bids, which is $414,460,100 more than had been bid in round three.
Round four saw 901 new bids for 1,141 of a total of 1,614 licenses divided into geographic areas. Among the bidders who qualified to participate are AT&T and T-Mobile.
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.