FCC auction tops $36bn – and climbing
November 25, 2014
By Chris Forrester
Another day, another few billions of dollars raised in the most lucrative spectrum auction ever conducted in the US.
At the end of Monday evening (November 24) the total value of bids in the Federal Communications Commission’s (FCC) table topped a staggering $36 billion. And winning bids are beginning to emerge.
The late afternoon saw Round 31 take place, and end up adding almost $418 million to Round 30 which took place an hour or so before (up 1.17 per cent).
Some of the amounts bid are quite staggering. There’s $596 million bid for a slice of spectrum in and around Boston, for example. But that sum is dwarfed by New York’s Long Island region where a breathtaking $2.12 billion was bid in Round 31, and the FCC is looking for $2.2 billion in Round 32.
The bidding re-opens at 9am Washington time.