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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