The FCC held its latest batch of auction rounds on November 25th, closing the day with Round 35 and a bid total of $37.5 billion, with – perhaps surprisingly – 251 new bids received during the round, suggesting that there are plenty of would-be bidders still in the game with pockets deep enough to still be “betting the farm”.
The difference between Round 34 and 35 was a “mere” $351 million (up 0.95 per cent). The previous day’s Round 31 had closed with $36 billion on the table.
On November 25th, we highlighted a slice of spectrum on offer covering New York’s Long Island, and where bidding had reached $2.12 billion. Round 35 saw that close out at an amazing $2.35 billion.