FCC's AWS-3 Auction Tops $14B
The FCC's latest spectrum auction has topped $14 billion in bids, busting through the $10.1 billion reserve price for the auction.
The Federal Communications Commission (FCC) said Tuesday that it now has nearly $14.2 billion in bids for Advanced Wireless Service (AWS)-3 licenses. The agency says that bids have been placed for 1,303 of the 1,614 available high-bandwidth licenses and have far exceeded the reserve, or the minimum amount of money that could be paid for the paired spectrum in the AWS-3 spectrum.
The FCC began the auction on November 13, selling off airwaves that used to be allocated to federal users such as the Department of Homeland Security. It includes 65MHz of 1.7/2.1GHz spectrum and 50MHz for paired channels that are good for 4G LTE service delivery. (See AWS Auction: Could It Bring Dish & T-Mobile Together?)
— Dan Jones, Mobile Editor, Light Reading