A bid for just under $3.8 billion was the top result for the nationwide C Block in today’s 12th round of the FCC 700 MHz spectrum auction. The exact bid was $3,784,943,000, still far short of the $4.6 billion reserve price. All bids are anonymous, and Round 13 begins Wednesday at 10 a.m. EST.
For the D Block, which is nationwide and required to be open for emergency services, there were no new bids. The top bid remains at $472,042,000 from Round 1, as it was this morning when Round 9 commenced.
Also today, the reserve price of $1.374 billion for the B Block was met in Round 10, officials said.
The fate of the nationwide C Block will continue to have additional rounds until the reserve is met, or until the other blocks all go one round without new bids, whichever comes first.
If that happens, then the C spectrum will be divided into two smaller blocks – C1, at 12 MHz, for economic area licenses, and C2, at 10 MHz, for regional licenses – which will then be re-auctioned at less expensive reserve prices.
Real-time auction results are viewable by the public here.
Filed Under: Infrastructure