The FCC announced Tuesday that bidders have surpassed the reserve...
The FCC announced Tuesday that bidders have surpassed the reserve price for one block of 700 MHz licenses offered -
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the B-block offering the smallest licenses in the auction. The FCC said bidders surpassed the $1.374 billion reserve price for the 734 cellular market area (CMA) licenses during round 10 Tuesday morning. If the reserve price for a block isn’t met, it will be reauctioned. At the end of 12 rounds, provisionally winning bids totaled $8.6 billion. Active bidding continued for the massive regional C-block licenses. In round 12, a bidder offered $3.8 billion for the eight regional licenses covering the 50 states. The C-block reserve price is $4.6 billion.