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55 rounds in, C Band auction clears $78 billion in bids

January 6, 2021

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After 55 rounds of bidding, the Federal Communications Commission’s auction of midband satellite spectrum has raised about $78.5 billion in bids.

Prices are slowly settling for most of the licenses on offer, with demand equalling the supply of licenses for 305 of the license products and demand outstripping supply for 147 license products as of the 55th round.

The auction’s total raised has far exceeded estimates and has brought in more gross bids than other other Federal Communications Commission auction. Comparatively, the previous largest auction was the AWS-3 auction that ran in 2014-2015 and raised nearly $45 billion.

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