The FCC's 28 GHz auction pushed past the $500 million mark Monday in round 37. The total provisional winning bids for the 2,717 licenses on which there are such bids now stands at $509,009,180.
The FCC is auctioning the high-band spectrum to wireless companies as a way to feed the 5G beast.
Round 37 was the third round of the day Monday (Dec. 3), with one more round to go.
Round 35 pushed the total to $475,621,330, with the PWB total increasing by $16,959,880 in that round, followed by $15,059,950 in round 36 to bump the total up to $490,671,280. Round 37 recorded $18,337,900 in added bidding bucks.
All the added bid money in those three rounds were for the same 2,717 licenses, meaning none of the remaining 355 licenses drew a bid. The auction can close without those licenses being bid on since the aggregate PWBs for the auction was only about $40 million.
The FCC will be closed Wednesday (Dec. 5) for the Day of Mourning for former President George H. W. Bush. Likely the auction will take a break, too. A spokesperson was checking at press time.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.