The total bids in the Federal Communications Commission’s (FCC’s) auction of H block spectrum reached USD1 billion on Friday, as the total commitment fast approaches the USD1.56 billion reserve price. When the auction proceedings broke off for the weekend – after 32 separate rounds of bids – just two of the 176 concessions had not yet received bids, namely those covering western Oklahoma and Anchorage, Alaska. According to RCR Wireless, the hotly contested New York City economic area licence remained the highest value concession, at USD217 million and did not receive any new bids during Friday’s rounds. Neither did the Los Angeles licence, the price of which currently stands at USD131.8 million.
According to TeleGeography’s GlobalComms Database, the auction represents the regulator’s first major spectrum sale since 2008. The bidding process, which has been designated as ‘Auction 96’, comprises frequencies in the 1915MHz-1920MHz (Lower H block) and 1995MHz-2000MHz (Upper H block) bands. The FCC is not releasing the names of those entities holding the highest bids until after the auction concludes.