Spectrum Auction Update: Total Nears $19B
C-Block Barely Above Floor Price; D-Block Still Not Even Close
By John Eggerton -- Broadcasting & Cable, 2/4/2008 7:36:00 AM
Bidding on smaller blocks of spectrum continued to push the Federal Communications Commission's 700-megahertz spectrum auction to new heights Monday, with the latest total pushing $19 billion ($18,748,608,200, to be exact).
But there had been no recent bidding on the two blocks packaged as national licenses.
The C-block remained at a $4.713 billion bid, just above its $4.6 billion floor price, where it has been for the past 10 rounds (the FCC just completed round 27). The D block -- the national footprint of which would have to be turned over to first-responders in time of emergency -- remained at a $472 million bid, about one-third of its $1.3 billion floor price, where it has been since a single bid in the first round.
If that spectrum does not meet the floor price, legislators have promised to work with the FCC to reauction it, given the importance of quickly building a national, interoperable emergency-communications network.
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