700 MHz auction reaches $3.7B in fourth round

The 700 MHz auction paused Friday with $3.7 billion in bids on 921 licenses at the end of four rounds. Some 178 licenses have yet to receive a qualified bid. The C-block package of licenses covering 50 states attracted the highest bidding with one new bid reaching nearly $1.8 billion at the end of the fourth round. A minimum bid of $4.6 billion in needed to enact the open-access provision for the C-block. The D-block license, reserved for an operator willing to serve public safety, hasn't been bid on since the first round, when it received a bid of $472 million. The FCC has a $1.3-billion reserve bid requirement on the license.

For more about the auction:
- read this article [1] from RCR Wireless News
- check out our chart [2] of the fourth round

Click here [3] to see the rest of our 700 MHz coverage

Related articles:
Frontline closes doors; D-block auction in limbo Report [4]
Google says it'll bid in 700MHz auction Report [5]