Having recently passed its “first component” milestone, the Federal Communications Commission’s 600 MHz incentive auction continues to rake in the dough, with bids set to see a significant minimum bump beginning next week.
Through 18 rounds of the forward auction process, total “winning” bids exceeded $18.5 billion, with net proceeds nearing $17.9 billion. The auction late Wednesday flew past the “first component” milestone of nearly $15.9 billion, which is one of three needed for the auction to end successfully.
