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FCC's AWS-3 Auction Tops $37 Billion

After two more rounds of the FCC's AWS-3 auction, the total in provisional bids was $37,120,430,400.

Round 33 boasted 160 new bids totaling $342,671,400, followed by 131 more in round 34 totaling $334,391,800 on a total of 1,591 licenses out of 1,614 (23 bids have been withdrawn).

The highest bid remains one of five geographic licenses in the New York area, currently at $2.3 billion. That bid alone far surpasses the total take from the H Block auction, the first of three spectrum auctions to raise money for emergency communications, deficit reduction and other purposes.

The AWS-3 auction has already raised enough to pay for most of those, having more than tripled its reserve asking price of $10.587 billion.

There will be three more rounds before the auction takes a Thanksgiving holiday break, restarting Monday, Dec. 1.

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.