Round 11: The provisional total of all bids in the FCC's 700 MHz auction stands at $7.8 billion after eleven rounds of bidding. Provisionally winning bids increased the total by more than $450 million during the eleventh round. The C Block of spectrum, however, did not garner a new bid in the eleventh round so it is still at a provisionally winning bid of $3.4 billion. While that is close to the $4.6 billion reserve price that the FCC implemented, the next round only requires a minimum bid of $3.8 billion so it's unlikely that the block will hit its reserve in the next round. If the C Block does not meet its reserve price, the FCC will probably re-auction it.ÂÂÂ
As has been the case for the past ten rounds, the D Block continues to hold steady at $472 million. Only one bidder bid on the D Block in the first round, while no one has bid on it since. The FCC set a reserve price of $1.3 billion for the D Block. -Brian