The proceeds from the 3.45 GHz auction at the Federal Communications Commission (FCC) hit the agency’s reserve price of $14.77 billion on Wednesday and then some, ensuring the auction’s success. Last week, alarm bells rang when it wasn’t clear the auction was going to hit the reserve price. For the first time in the FCC’s
All eyes are on the 3.45 GHz spectrum auction this week as its success or failure hinges on making the reserve price set by the Federal Communications Commission (FCC). Last week, the auction appeared to teeter on the brink, with analysts warning it might not meet the FCCs minimum reserve price. Gross proceeds topped $7
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,
In a recent op-Ed in the Wall Street Journal, Paul Wolfowitz, one of the architects of the Iraq War, laid out his plans to re-architect the United States wireless industry. A former staunch advocate for competition has been reformed to push spectrum handouts, echoing the “5G nationalization” talking points notoriously pushed over the past few
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.
A coalition of 19 smaller U.S. carriers are calling on the Federal Communications Commission to move on scheduling a spectrum auction for licenses in the 2.5 GHz band, saying it’s a critical opportunity for rural and underserved areas. The service providers, all members of the Competitive Carriers Association (CCA), sent an October 11 letter (PDF)