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3.45 GHz auction surges past $10.5 billion in bids

October 19, 2021

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The 3.45 GHz auction action has jumped in the past few days, sending the total value of bids thus far past the $10.5 billion mark after 34 rounds.

Last Thursday, the auction had only raised around $3 billion after 19 rounds. On Friday, the number of daily rounds shifted to five and the bidding moved to a more rapid clip that has more than tripled the auction total and is getting closer to meeting the reserve price of $14.7 billion.

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