Day two of H block auction sees bids pass USD300m

24 Jan 2014

Day two of the Federal Communications Commission’s (FCC’s) H block spectrum auction witnessed a further USD85 million in potential winning bids, driving up the total amount to just over USD306 million. According to RCR Wireless, the highest bids to date have been lodged for the New York City and Los Angeles Economic Areas (EA), respectively. The New York City concession, which also includes Northern New Jersey and sections of Connecticut, Pennsylvania, Massachusetts and Vermont, was bid up to USD93.5 million, while the LA licence, which covers most of Southern California – except for San Diego – and portions of Arizona, attracted a new high bid of USD56.8 million. After two days of bidding, 99 of the licences up for auction had received a potential winning bid, with the FCC still hanging on to a further 77 licences. The FCC is not releasing the names of those entities holding the highest bids until after the auction concludes.

According to TeleGeography’s GlobalComms Database, the auction represents the regulator’s first major spectrum sale since 2008. The bidding process, which has been designated as ‘Auction 96’, comprises frequencies in the 1915MHz-1920MHz (Lower H block) and 1995MHz-2000MHz (Upper H block) bands.

United States, Federal Communications Commission (FCC)