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Round 18: AWS-3 Bids Near $23 billion

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.

Read more at B&C here

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.