38 days and $19 billion later, 700MHz bidding done

It took 38 days and 261 rounds, but the Federal Communications Commission’s 700 MHz spectrum auction came to an end this afternoon, having raised $19.592 billon for the U.S. treasury. The haul is a record for an FCC-run auction and nearly double the high mark of some pre-auction estimates.

However, the most pressing question — who won what? — will remain unanswered, at least for the time being. The FCC has said it expects to release the names of license winners within 10 days after the close of the auction.

FCC Chairman Kevin Martin said, in a conference call immediately after the close of the auction, that he sent an order to the other FCC commissioners to “delink” the failed D Block from the 700 MHz auction so the auction can be officially closed.

Once the commission approves the move, the names of the 700 MHz winners can be released “almost immediately.” (link)


0 Responses to “38 days and $19 billion later, 700MHz bidding done”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 29 other followers

Technorati – Blog Search

Add to Technorati Favorites

submit express


%d bloggers like this: