700 MHz Auction: C-block bidding slows again
The further hiccups in C-block bidding we predicted yesterday turned out to be right on the button. The competitors for the nationwide open-access license didn’t submit bids in today’s opening round, leaving the license at its $2.98 billion provisional amount at the end of round 9. The lack of activity not only slows down the 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 for nearly half that amount.
February 1st, 2008 at 8:47 am
My choice for the D Block in he 700 Mhz. auction would be GE. General Electric currently is in the Security business. They also manufacture Electric Meters and other equipment for the Utilities Industries. In addition they are in the Healthcare Industry.
I can’t think of another company that has the money and reach in many
Leave a Comment