FCC’s 28 GHz auction surpasses $700M
January 22, 2019
The FCC’s auction of 28 GHz spectrum officially surpassed $700 million after 35 days of bidding activity. The total amount of provisionally winning bids has reached $700,984,710 after 152 rounds of bidding.
Activity has picked up slightly after a period of lull, but the auction is suspended today for Martin Luther King Jr. Day and will resume Jan. 22 at 10 a.m. EST. The total amount of provisionally winning bids grew in round 152 by $301,000, representing a .04% change in the total amount bid to date.
The last round of bidding before the weekend and federal holiday ended with 34 new bids. The highest new bid was placed for a license covering Coconino, Ariz., for $654,000 and the lowest bid was placed for a license covering Emmons, N.D., for $1,500. A license covering Lewis, Wa., garnered a new bid for $401,000. Six other regions garnered bids above $100,000, including Valley, Mont., Roosevelt, Mont., Henry, Iowa, Columbia, Wisc., Grays Harbor, Wash., and Daniels, Mont.
Read more at FierceTelecom