After 44 days and 337 rounds, bidding ended late Wednesday for paired 1755- 1780 MHz and 2155-2180 MHz licenses in the FCC’s record-breaking auction of Advanced Wireless Service (AWS)-3 spectrum, which continues to garner bids at a snail’s pace for unpaired licenses in the 1695-1710 MHz band. At the end of Wednesday’s activity, total gross bids for the paired AWS-3 licenses stood at nearly $42.5 billion.
The current bid total of $44.9 billion for both paired and unpaired AWS-3 channels has been calculated to be roughly $8 billion less than the combined net proceeds of all previous FCC auctions to date ($53 billion). Three of the five top bids for paired AWS-3 channels were posted for the New York City region, in which one license received a winning bid of $2.8 billion and two others were sold for $1.3 billion each. The second place bid of $2.1 billion was posted for the Los Angeles region, while the Chicago region took the fifth highest bid of $1.2 billion.
Bidding is expected to end at any time on the unpaired channels to bring the AWS-3 auction to its conclusion. The FCC will identify the winning bidders and their respective licenses in a public notice to be issued within one or two weeks after the auction close.