AWS-3 Bidding Reaches $12 Billion

Posted by at 10:58 am on November 18, 2014

FCC Commissioner Jessica Rosenworcel today said the government has received bids totaling $12 billion for AWS-3 spectrum licenses.

The auction kicked off November 13 with a reserve price of $10.6 billion. Today’s revelation means the government has already exceeded its minimum for the auction. At stake are more than 1,600 licenses around the country covering 65MHz of AWS-3 spectrum.

The FCC didn’t say how long it expects the bidding to continue. AT&T, T-Mobile, and Verizon Wireless are among 70 entities approved to participate in the auction.

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