The FCC's C-Band auction has blown by initial low-end estimates of the value of the spectrum as the FCC prepares for a Christmas week break.
While it took more than a week for the FCC's C-Band auction to top $10 billion in gross proceeds Dec. 16, it took it only until the last round a day later to top $20 billion.
The FCC is moving to five shorter rounds for its C-Band auction, which has been drawing lots of dollars for 5G spectrum.
There had been three, one-hour rounds through Thursday (Dec. 10), but the FCC indicated on its auction dashboard that starting Friday, there would be four, one-hour rounds.
Gross proceeds after the first round of the FCC's C-Band auction Tuesday (Dec. 8) totaled $1,741,759,100.
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