After 73 rounds, bidding ended yesterday in the 2.5 GHz auction. Final, total gross bids were more than $427.7 million, according to the FCC. There were 82 qualified bidders for about 8,000 county-based, flexible-use licenses of spectrum in the 2496–2690 MHz band.
Many of the licenses up for auction for wireless use must be shared with incumbent educational broadband services users. That’s why the total amount of money the auction raised was not expected to be as big as previous FCC auctions.
Bidders won 7,872 licenses and the Commission held back 145. Analysts predicted T-Mobile would be the big winner in the auction. NewStreet Research said yesterday with the auction behind it, T-Mobile “has cleared all the visible hurdles to share repurchases.” NSR acknowledged “the board still needs to sign off for them to start, and there could be other factors we can't see.” Continue Reading |
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