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E-Block licenses continued to draw the biggest bids at the Federal Communication Commission’s 700 MHz spectrum auction sputtered along.
The block received $9.1 million in new bids during today’s first three rounds, nearly matching the $9.3 million it drew during the same period yesterday. B-Block licenses generated the most action today, however, drawing 107 bids during rounds 88, 89 and 90; the E Block drew 105 bids.
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Overall auction activity has slowed dramatically, with today’s first three rounds drawing only 81, 82 and 78 bids. The auction’s total potential winning bid amount inched to $19.496 billion.
