Talk about a white-knuckle ride. The 3.45 GHz auction threw a lot of folks in a tizzy after Thursday’s bidding rounds. Will the auction collapse? The 3.45 GHz auction, which started October 5, completed 23 rounds on Thursday, with bids tallying more than $4 billion. Demand started out high at the beginning of the month,
Bids in the 3.45 GHz auction surpassed $1.5 billion at the close of Friday’s rounds, and it appears one large bidder has dropped out. Since starting on Tuesday there have been 11 rounds, together generating around $1.57 billion. Auction 110 is pausing for a long weekend and resuming Tuesday, October 12, with four rounds scheduled.