FCC Changes AWS-3 Auction Pace As Total Surpasses $40B
Dec 4, 2014, 2:51 PM by Eric M. Zeman
The FCC today altered how it is conducting the auction for AWS-3 spectrum as fewer bids arrive for each round. Before today, the FCC offered four one-hour bidding windows per day. Moving forward, the FCC is offering six 30-minute bidding windows, giving bidders less time to react to each round. Total bids for the auction now exceed $40 billion. The auction, which began Nov. 13, had an initial reserve of $10.56 billion. With the number of new bids slowing down, it is possible the auction could end soon. AT&T, Dish Networks, T-Mobile, Verizon Wireless, and dozens of other entities are participating in the bidding.
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