700 MHz Auction: C Block approaches $3B

Provisionally winning bids for the FCC's 700 MHz auction now total more than $6 billion, with the C Block's current pricetag making up about half that figure. After eight rounds of bidding the open access block of spectrum is going for $2.98 billion, while the D Block, which requires a public-private partnership for a public safety network, has only garnered one $472 million bid from the first round. The last round brought another 890 bids and an additional $789 million in provisionally winning bids.