The FCC’s 700 MHz spectrum auction has now completed a dozen rounds. The four rounds held on Tuesday added more than $2.5 billion to the pot. Bidders have now ponied up nearly $8.7 billion in potential winning 700 MHZ bids, reports RCR News.
At this pace, Auction 73 could well surpass the $10 billion mark by lunch time Wednesday, suggests RCR.
Rounds 11 and 12, on Tuesday afternoon each saw more than 1,000 new bids that exceeded $1.2B. This was on top of the $1.3 billion added during the morning rounds nine and 10.
While interest remains high for the A, B, C and E-Block licenses, the national commercial-public safety (D-Block) license again remained untouched, says RCR News. The license remains at the $472 million bid, which is just over one-third the $1.3 billion reserve price set by the FCC.
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