Archive for January 29th, 2008

700 MHz Auction: C-block bidding slows again

The further hiccups in C-block bidding we predicted yesterdayturned out to be right on the button. The competitorsfor the nationwide open-access license didn’t submit bids in today’s opening round, leaving the license at its $2.98 billionprovisional amount at the end of round 9. The lack of activity not only slows downthe license’s advance to the $4.6 billion reserve price, which would unlock Google’s coveted open-access provision, but it also serves to lower the minimum bid for the next round from $3.42 billion to $3.38 billion. more

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