By John Eggerton, Broadcasting & Cable Online, 1-17-19
The FCC has apparently pumped new life into the 28 GHz spectrum auction. The first round after it moved to stage three Jan. 15, with bidders required to bid on eligible licenses unless they had a waiver—produced $0 in new bidding money.
But since then it has seen a dozen rounds of six-figure increases in the aggregate provisional winning bids (PWBs). Any original or new bid on a license is a PWB since all bids must be above the floor price the FCC will accept.
As of round 140—the auction began Nov. 14 of last year—the bid total was inching closer to $700 million, with $696,006,430 bid on 3,259 licenses. That leaves 113 licenses still without PWBs, but there were 35 new bids totaling $332,150 more in PWBs than the previous round.