The bids in the 600MHz spectrum auction are up over $22 billion this Monday afternoon
Total bids for the low-band spectrum licenses across the US now stand at $22,077,875,100. This is not yet anywhere near the total $86.4 billion that the Federal Communications Commission (FCC) is hoping to raise in the end, however.
The final total is set that high -- almost double what the last spectrum auction raised -- because $86.4 billion is the number that TV broadcasters -- currently on the band -- told the FCC they wanted in an earlier incentive auction. The FCC will have to hold further incentive auctions if this total isn't reached, which means this process could potentially carry on into next year.
The 600MHz spectrum is good for providing long-range coverage and getting cellular signals through walls. Up to 62 entities are bidding in the 600MHz auction. The FCC will reveal the winners after the process is over.
You can keep track of the bidding totals here.
- FCC's 600MHz Auction Tops $16B
- FCC's 600MHz Auction Hits $10B+ in First Week
- Next Phase of FCC 600MHz Auction Starts August 16
- Get Ready! FCC 600MHz Auction Bidding Starts May 31
- 600MHz Auction Could Take Months to Shake Out
— Dan Jones, Mobile Editor, Light Reading