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Jan. 30, 2008

A bid for slightly less than $3.8 billion reached a peak for the nationwide C Block in yesterday's 12th round of the FCC 700 MHz spectrum auction.

The bid was for exactly $3,784,943,000 and was still far short of the $4.6 billion reserve price set by the FCC.

As is always the case, all bids are anonymous. Round 13 is scheduled to start today at 10 A.M. EST.

For the D Block, which is nationwide and required to be open for emergency services, there were no new bids.

The top bid remains at $472,042,000 from Round 1, as it was this morning when Round 9 commenced last week.

The reserve price of $1.374 billion for the B Block was met in Round 10, FFC officials said earlier today.

The fate of the nationwide C Block will continue to have additional rounds until the reserve is met, or until the other blocks all go one round without new bids, whichever comes first.

If that happens, then the C spectrum will be divided into two smaller blocks - C1, at 12 MHz, for economic area licenses, and C2, at 10 MHz, for regional licenses.

Regional licenses will then be re-auctioned at less expensive reserve prices at a future date determined by the FCC.

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Source: The FCC.

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