After 261 rounds, the FCC’s 700MHz spectrum auction has at last closed with final bids totalling $19.592bn [pdf link].  Unsurprisingly, the coveted Block C - which became known as “beach front” spectrum for its breadth and suitability for high-speed & long-distance data connections - pulled in the most publicity, finally selling for $4.75bn.  Meanwhile Blocks A, B and E sold for $3.96bn, $9.14bn and $1.27bn; as expected, Block D failed to meet its reserve.  The FCC will not announce the identity of licence winners until the commissioners have formally ended the auction, which could take several days.

“This auction provided an opportunity to have a significant effect on the next phase of wireless broadband innovation. With the open platform requirements on one-third of the spectrum, consumers will be able to use the wireless device of their choice on those networks and download whatever software or applications they want on it. The open platform will help foster innovation on the edge of the network, while creating more choices and greater freedom for consumers to use the wireless devices and applications of their choice” Kevin J. Martin, Chairman, FCC

Block D, which carries several public service provisos, is expected to be re-listed as a separate entity complete with a new, lower reserve price, although the FCC are yet to confirm their plans.  Analysts believe that Verizon Wireless - made up of Verizon Communications and the Vodafone Group - are most likely to have secured Block C, which has certain open-access conditions attached to it.

[via Reuters]