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Round Nine: ASW-3 Auction Total Nears $6.5 Billion

WASHINGTON -- After nine rounds of the Federal Communications Commission's AWS-3 auction, bid totaled $6,435,467,100, or $925,136,600 more than in the previous round.

The bidding could go on for days, weeks or even months, with the pace usually leveling off after the early flurry -- that flurry continued Monday (Nov. 17). Bidding continues until nobody bids in a round or exercises a waiver, which means the bidder is passing but wants the chance to bid again.

In the AWS-3 auction, 65 Megahertz of spectrum is up for bid, part of a congressional -- and White House -- mandate to free up wireless spectrum for mobile broadband.

For more, please visit broadcastingcable.com.