Bids in the FCC's AWS-3 spectrum auction keep climbing: After 20 rounds the auction has raised a total of $25.77 billion in provisionally winning bids.
The FCC's AWS-3 auction, which is still going on, is now more successful than anyone ever dreamed. As of this morning, the auction has raised a total of more than $24 billion in provisionally winning bids after just six days of bidding. But beyond the big, round numbers, what other conclusions can we draw from the AWS-3 results so far?
The AWS-3 spectrum auction has surpassed $16.4 billion in provisional winning bids through 15 rounds, guaranteeing that the most valuable chuck of spectrum being auctioned will meet the reserve price the FCC has set.
The FCC's AWS-3 spectrum auction has yielded a little more than $4.7 billion in bids through its first seven rounds over the opening two days of the auction. However, the bidding so far has been concentrated around a few blocks of spectrum.
The AWS-3 spectrum auction, the FCC's first major auction since 2008, kicked off with a bang. The first round of bidding drew provisional winning bids on 1,012 licenses. That totals around $1.767 billion in bids, or around 16.7 percent of the total $10.587 billion reserve price the FCC has set for the auction. A total of 1,614 licenses are up for grabs across 65 MHz of spectrum, including 15 MHz of unpaired uplink spectrum in the 1695-1710 MHz band.
After years of buildup and preparation, on Nov. 13 the FCC will formally kick off Auction 97, better known as the AWS-3 auction. It will be the largest and most consequential auction of airwaves since the 700 MHz auction in 2008. 65 MHz of spectrum is going to he be auctioned. Who is going to bid? Who is going to win? And how much money are they going to spend? FierceWireless has compiled a handy primer to consult as the auction gets underway.
Dish Network is optimistic that the trials it is conducting with Sprint (NYSE: S) and nTelos Wireless to supply fixed broadband via 2.5 GHz TD-LTE service can turn into an actual business, according to Dish executives.
Dish Network Chairman Charlie Ergen would gain control of 60 percent of LightSquared under a new plan to bring the firm out of bankruptcy. However, as has been in the case in the long-running bankruptcy saga of LightSquared, more drama is expected since Harbinger Capital Partners, the hedge fund that is LightSquared's controlling shareholder, objects to the new restructuring.
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A total of 70 companies have qualified to bid in the FCC's upcoming AWS-3 spectrum auction, which starts Nov. 13 and will be the country's largest spectrum auction since 2008.