Yet another record day for FCC auction
November 26, 2014
By Chris Forrester
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.