The ongoing millimeter wave spectrum auction is moving to five rounds of bidding each day, up from three, as bidding slows to a trickle with $6.7 billion raised after 38 rounds.
Today is the first day of five bidding rounds, and the bidding total raised over the course of this week is around $600 million as of round 38 — a marked decrease in momentum. Winter weather in the Washington, D.C. area earlier this week briefly disrupted the bidding rounds on Tuesday, but the three daily rounds resumed as normal on Wednesday and Thursday.
