AWS-3 Prices Highest in Major Cities, Wells Fargo Says
The AWS-3 auction hit $44.4 billion in provisionally winning bids at the end of bidding Friday, after 123 rounds. Licenses in the three largest U.S. cities -- New York, Los Angeles and Chicago -- are going for an estimated price…
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of $4.29 per MHz/POP, or 94 percent above the average price for the auction, Wells Fargo said Friday in a note to investors. “We note the bidding in these key markets has slowed in terms of activity,” Wells Fargo said. “For example, in NYC, there has been no bidding since round number 64.” The company predicted the auction will close in late January.