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FCC 700 MHz Auction Bidding Now Over 11.5 Billion

January 31, 2008

At the conclusion of yesterday's700 MHz wireless spectrum auction, the Federal Communications Commission reported that the 16-round bidding total had stood at $11,573,702,900.

This amount exceeds an unofficial FCC floor goal of $10 billion.

Much of yesterday's multi-round momentum was experienced in the 15th round. Some 933 new bids, constituting more than $757 million, were reported in that round alone.

That round consisted of "D" block licenses, a relatively small bandwidth auction for spectrum that will be shared with public safety agencies.  

Bidding resumes today.




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