700 MHz Auctions, Round 55

3:55 PM -- It's Round 55 of the Federal Communications Commission (FCC) 's mobile broadband auction and the bidding is hovering at around $19.2 billion. The total bids increased by just 0.05 percent, or $9.3 million. Even though business is slow today, we still might cross the magic $20 billion mark soon.

GigaOm reports today that the FCC is going to look into the failure of the D block to attract the minimum reserve price of $1.3 billion. The spectrum block, which was set aside primarily for public safety use, has only had one bid of $472 million. Frontline Wireless, LLC 's demise has a lot to do with the spectrum not attracting many bids. (See FCC Auctions Hit $19B and Frontline Folds.)

— Michelle Donegan, European Editor, Unstrung

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