AWS-3 Auction Tops $2B in First Two Rounds of Bidding

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The FCC’s AWS-3 Auction began last Thursday and after the first day total bids exceeded $2 billion in the first two rounds, according to Ben Munson at Wireless Week.” The FCC set reserve prices of $580 million for 15 MHz of unpaired spectrum and $10 billion for 50 MHz of paired spectrum, including one highly coveted 20 MHz block. After the first two rounds, the FCC has already pulled in nearly 20 percent of the total reserve. Provisional Winning Bids (PWB) have been placed on 1,039 of the 1,614 total available licenses,” Munson reported.

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