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3.45 GHz auction makes its first billion in bids

October 8, 2021

The 3.45 GHz auction has surpassed one billion dollars in bidding after eight rounds, with bids totaling $1.185 billion.

There’s still quite a ways to go before the auction hits its minimum reserve price of $14.7 billion. Three rounds of bidding will be held today, and the auction will be paused for the federal holiday on Monday before stepping up to four daily rounds on Tuesday.

Sasha Javid, COO at Bitpath and former chief data officer and legal advisor on the FCC’s Incentive Auction Task Force, is once again providing auction tracking that can be found here.

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