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January 30, 2008

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

Via continuing coverage from FierceWireless:

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.

The D block is stuck at the one bid at $472 million. The FCC has a reserve price of $1.3 billion for this block. This auction is fraught with controversy as I reported in an earlier post.

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