The Federal Communications Commission is kicking off its auction of additional midband spectrum at 3.45-3.55 GHz, with two rounds of bidding today.
Starting tomorrow, three rounds of bidding will be held each day. The auction reserve price is $14.7 billion. The first phase of the auction consists of clock rounds, with the price of each block rising 10% per round until the number of bidders still willing to pay that price meets the number of available licenses.
