Opening Round of AWS-3 Auction Nets $1.77B in Bids

[cdmagurus.com]

Wireless and other companies began bidding on AWS-3 spectrum licenses today, which are being auctioned off by the FCC. The initial round of bidding totaled about $1.77 billion for 1,012 of the 1,614 available licenses. The FCC's reserve price for the entire auction is $10.56 billion. Major network operators such as AT&T, T-Mobile, and Verizon Wireless are participating, as are other entities such as Dish Networks. Seventy total groups were approved to participate in the auction. Spectrum blocks in New York City and Los Angeles received the most attention today, with one J Block license in NYC scoring a high bid of $88 million. Bidding is expected to continue for several weeks at least. The AWS-3 spectrum includes 65MHz in the 1695-1710MHz, 1755-1780MHz, and 2155-2180MHz bands.


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