Auction 108, the latest in a long line of Federal Communications Commission (FCC) spectrum sales, has got off to an underwhelming start, attracting bids of just USD103.5 million after the first day of bidding on Friday 29 July. A further two rounds of bidding took place yesterday (Monday 1 August), with bids edging up to just USD115.3 million by close-of-play. The auction will resume later today.
Auction 108 is offering approximately 8,000 flexible‐use geographic overlay licences in the 2496MHz-2690MHz (2.5GHz) band. Up to three blocks of spectrum are being licensed on a county basis. Notable bidders include: Cellco Partnership (Verizon Wireless), AT&T Auction Holdings, United States Cellular Corporation (UScellular), T-Mobile License (T-Mobile US) and Cellular South Licenses (C Spire).
By contrast, the previous – albeit non-chronologically ordered FCC auction (Auction 110) – generated opening day bids of USD672.4 million in October 2021. That auction comprised spectrum in the 3.45GHz–3.55GHz band.