The Federal Communications Commission is increasing the number of daily rounds in the C Band auction from four to five and cutting the round-duration to just 30 minutes each, angling to push the auction toward conclusion.
After 29 rounds, the auction has now raised $23.46 billion. According to analysis from Ari Meltzer and Rick Edelman with Wiley, that puts the auction in second place for most money raised, ahead of all over FCC auctions except the blockbuster AWS-3 auction in 2014-2015, which raised nearly $45 billion.
During the course of this week, the C Band auction surpassed the total dollar-figures in the 700 MHz auction in 2008, which raised $19.1 billion; and the 600 MHz auction in 2017, which raised nearly $19.8 billion. And it’s not over yet.
