The FCC's AWS-3 auction looks like it might not be a weeks-long affair. As of round 18, $22,829,069,200 had been bid, more than doubling the $10.587 reserve price. All the licenses have drawn at least one bid now, and there were a whopping 1,754 new bids.
Currently the Big Apple is drawing the big bucks. Current bid: $1,712,964,000. The low bid in the next round is over $2 billion.
The fact that all the licenses now have at least one bid signals increased interest in the 15 MHZ unpaired spectrum ($580 reserve). The 50 MHz paired spectrum has already blown past its $10.07 billion reserve.
The more money raised in the AWS-3 (advanced wireless services) auction, the less pressure there is on the broadcast incentive auction. For example, the $7 billion FirstNet interoperable emergency communications network appears to have been paid for, with plenty of money left over.
Also the more money raised in AWS-3, the more money from the broadcast incentive auction that can go to paying broadcasters and paying down the debt.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Next TV. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.