Loading ...Don’t worry, we won’t be bringing you every bid update from the 700MHz spectrum auction, but news is just in from the first round and something tells me the FCC bean-counters will be rubbing their hands in glee. So far more than $2.4bn has been bid for the five frequency blocks - you can see the latest figures on this page and by clicking “View Auction Results” - not enough to breach the reserve prices, but a healthy start certainly.
Currently the coveted block C has a bid of $1.04bn while block D has made $472m. According to FCC rules the identity of the bidders will not be revealed until the auction ends.
We’ll be sure to bring you any more interesting details as they happen - round two closes in an hours, and there’s one further round scheduled for today.
[via Reuters]
January 28th, 2008 at 9:59 am
Quick update:
The 700 MHz auction paused Friday with $3.7 billion in bids on 921 licenses at the end of four rounds. Some 178 licenses have yet to receive a qualified bid. The C-block package of licenses covering 50 states attracted the highest bidding with one new bid reaching nearly $1.8 billion at the end of the fourth round. A minimum bid of $4.6 billion in needed to enact the open-access provision for the C-block. The D-block license, reserved for an operator willing to serve public safety, hasn’t been bid on since the first round, when it received a bid of $472 million. The FCC has a $1.3-billion reserve bid requirement on the license.