FCC’s H Block Auction Back in BusinessTops $1.25 Billion as Process Gets Back Under Way Following Snow Day 2/06/2014 12:48 PM Eastern
The FCC's H block auction was back on track Thursday (Feb. 6) following a day off due to snow in the FCC's Gettysburg. Pa., auction center.
At press time, and after 44 rounds, the total was $1.25 billion bid on 176 licenses. There had been 32 new bids since the last round Tuesday (43) for only an additional $3.1 million.
There were no new bids on New York, which is the top dollar-getter at just over $216.9 million
The auction continues until there are no new bids or withdrawals or waivers extended. If it does not meet the minimum aggregate bid of $1.564 billion the FCC would have to regroup and start over, though that would not happen immediately.
The bidders are mostly regional carriers rather than the major players, but Dish is bidding--though under another name, according to reports--and has promised to bid at least that minimum, insuring the FCC will not have to start over.
It is under a congressional mandate to auction and reassign the spectrum by next year, This is the first of three spectrum auctions, culminating in the 2015 broadcast incentive auction.