Thanks to the FCC’s attempts to speed things up, the 700 MHz auction may well come to a close this week, says RCR News.
The FCC’s 700 MHz auction, which started on January 24, 2008, has now moved into “stage three” in an effort to speed the proceedings along, reports RCR Wireless News. Now, bidders must be active on 98% of their current bids in each round.
Starting today, the FCC said it will conduct 10 rounds per day, each lasting 15 minutes. The move comes just three days after the FCC increased bidding rounds to eight per day. In round 150 today there were 24 new bids across the A, B and E Blocks, racking up a total of $19.573 billion in provisionally winning bids.
After the auction is completed, the FCC will release the names of winning bidders.