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source:Industry News release time:2022-08-27 Article author:sznbone Popular:Prison Jamming system
The Federal Communications Commission is speeding up bidding in the ongoing 2.5 GHz auction, nudging it to a quicker conclusion by upping the number of daily bids from four to six.
Six rounds are being held today and another half-dozen are scheduled for Monday. With the increase in bidding rounds, the auction is likely to wind down in fairly short order, considering that as of the end of Round 65, only 29 licenses were still seeing competition among bidders. Earlier this week, that number was closer to 200.
One hundred and forty-five licenses had no demand as of the end of Round 65, while prices appear to have settled for more than 7,800 out of the nearly 8,000 licenses available. The auction began on July 29.
The 2.5 GHz auction raised about $100 million in bids on its first day and has seen uneven traction since then, with slow periods followed by a pick-up in bidding each time the FCC has increased the number of rounds.
This auction wasn’t expected to be a blockbuster on the order of the C-Band auction, given that many of the spectrum licenses on offer are encumbered, particularly in urban areas that typically drive big bids by the national carriers. However, it is on by far the smallest-grossing of the midband auctions. The CBRS Priority Access License auction raised around $4.5 billion; the C-Band raised a record-smashing $81 billion in bids and the most recent 3.45-3.55 GHz auction raised a more-than-respectable $22.5 billion in bids.
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