The bids are now flooding in for the 600MHz auction as bids hit $16.4 billion Wednesday evening and have passed an FCC limit.
After 15 rounds of bidding for 126MHz of available low-band 600MHz spectrum across the US, bids -- from up to 62 organizations -- now stand at $16,391,244,000. This satisfies the Federal Communications Commission (FCC) 's first "final stage rule" of passing the minimum bid total of $15,896,290,987.
The bar is set much higher than that for this auction. Through the reverse auction process, broadcasters on the 600MHz band have set a target of a whopping $88.4 billion to vacate the spectrum. That's nearly double what the AWS-3 auction, the largest spectrum auction in the US, raised in 2014 and 2015.
You can keep track of the bidding totals here. The FCC will reveal the winning bidders after the auction process is finished, which could be as late as next year.
- 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