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FCC ends 700 MHz auction

Apu (325126) writes | more than 6 years ago

Government 0

Apu (325126) writes "Having received bids totaling $19.5 billion over 260 rounds of bidding, the FCC has announced the closing of Auction 73. The Chairman's statement notes that the auction has "raised more money than any [FCC] auction has ever raised" besting the 2006 Advanced Wireless Service-1 auction that raised $13.9 billion and topping the $10.6 billion Congress estimated it would receive for the 700 MHz spectrum. The New York Times reports that "the last bid in the auction was $91,000 for frequencies around Vieques, Pureto Rico."

According to the FCC, "eight unsold licenses [...] remain held by the FCC and will again be made available [...] in a future auction." This includes the "D block" which was to be shared by commercial and public safety users and only received a single $472 million bid, below the $1.3 billion reserve price. However, as previously reported, the open access provisions will apply to one-third of the auctioned spectrum as the minimum $4.6 billion bid for the "C" block was received.

The names of the winning bidders have not yet been made public."

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