Guam is turning out to be an unexpected gem for the 2.5 GHz auction, with competition for licenses there drawing out the final rounds of the most recent of the U.S. midband spectrum auction and raising the most in gross proceeds.
After 72 rounds, the auction has raised $427.4 million, with the last vestiges of action consisting of bidding in Guam.
This auction does not have an assignment phase; according to the Federal Communications’ rules for the auction, once bidding rounds stop because all the desired licenses have one (or no) bidder asking for them at a specific price, that bidder is the winner.
