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mmWave auction crawls past $7 billion

January 14, 2020

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The ongoing Federal Communications Commission auction of millimeter wave licenses has now raised $7 billion in bids, with bidding continuing to slow and jockeying in the most recent round focused on smaller markets.

The FCC is now holding five rounds of bidding per day. Between the close of round 38 and the close of round 46 at the end of the day on Monday, the auction total rose from $6.7 billion to $7.07 billion.

The number of licenses with more demand than supply has dropped sharply, from more than 250 late last week to fewer than 100 as of round 46.

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