AWS-3 Auction Moves to Stage 3
Bidding in the FCC’s AWS-3 auction was at $44.14 billion after 103 bidding rounds Tuesday. With bidding slowing, the FCC moved to Stage Three of the auction after bidding round 97. That means a bidder must be active on at…
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least 98 percent of its current bidding eligibility in each round, the FCC explained. “If a bidder's provisionally winning bids do not satisfy the required activity level and the bidder does not place any additional bids, the FCC Auction System will automatically apply an activity rule waiver on the bidder's behalf.” The change could limit or eliminate a bidder’s ability to place additional bids in the auction. The last major FCC auction, the 700 MHz auction in 2008, lasted 38 bidding days and 261 rounds.