FCC Ends 700 MHz Auction Bids

Written by Administrator   
Wednesday, 19 March 2008 03:45

FCC bidding on the  700 MHz auction came to an end on Tuesday. The bidding which ran over 38 days and consisted of 261rounds of bidding, generated $19.6 billion in bids for all blocks of spectrum being auctioned. 

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Five large blocks of spectrum were available among all blocks auctioned off during bidding, while 4 of those 5 large blocks reached their minimum reserve prices. The larger spectrum licenses that reached their minimum reserves were in the A, B, C, and E blocks.

The nationwide public safety network spectrum, known as the D Block, failed to reach the minimum bid and has been officially removed from the auction. To sell the D Block the FCC is contemplating a seperate auction solely for the public safety block of spectrum. 

The largest block known as the C block created the most interest, partly because it spans the largest area in the United States, and partly because part of that block allows for open access rules, an option that generated big players in the technology industry such as Google who showed early strong interest in the open access spectrum.

The names of the auction winners will not be disclosed by the FCC. 1,099 licenese were made available for up to 10 days.


 

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