700 MHz Auction: Round 12 pushes C Block to $3.8B

Round 12: The provisional total of all bids in the FCC's 700 MHz auction stands at $8.7 billion at the end of the day Tuesday and after twelve rounds of bidding. Provisionally winning bids increased the total by more than $820 million during the twelfth round. The C Block of spectrum attracted a new bid in the round that brought its provisionally winning total to $3.8 billion. That is close to the $4.6 billion reserve price that the FCC implemented, and the next round requires a minimum bid of just under $4.3 billion. Chances are that block of spectrum will meet its reserve price if it gets two more bids. If the C Block does not meet its reserve price, the FCC will probably re-auction it. 

As has been the case for the past eleven rounds, the D Block continues to hold steady at $472 million. Only one bidder bid on the D Block in the first round, while no one has bid on it since. The FCC set a reserve price of $1.3 billion for the D Block. -Brian


Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.