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.

If the stalemate continues in upcoming rounds, the minimum bid could continue to drop, lessening the likelihood that the $4.6 billion reserve price for the C block will be met today. The bidders have already taken that tack once in round 6 slowing the pace of bidding by a single round. The auction is in only its second week, though, and there’s still plenty of time for bidders to push that $4.6 billion threshold. To put it in perspective, the auction has already garnered $6.53 billion in high bids. The C-block license accounts fornearly half that amount.

For full auction results, see the FCC’s Auction 73 page.

One Comment to “700 MHz Auction: C-block bidding slows again”

Leave a Comment

Acceptable Use Policy

authimage
Enter the word as it is shown in the box above.
If you can't see the word, refresh the page.

Calendar

January 2008
M T W T F S S
« Dec   Feb »
 123456
78910111213
14151617181920
21222324252627
28293031  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication