Total provisionally winning bids in the H-block auction...
Total provisionally winning bids in the H-block auction stood at $1.2 billion after 42 bidding rounds Wednesday, still below Dish Network’s December commitment to bid $1.564 billion in the auction. On Tuesday, the FCC pushed the auction into phase 2,…
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a step the agency takes as an auction gets into its later stages. During that phase “a bidder must be active on at least 95 percent of its current bidding eligibility in each round,” said a notice from the agency (http://bit.ly/1jgDy0U). Under stage 1, bidders had to exercise only 85 percent of their total eligibility. “This means that if you don’t bid, you're going to quickly run out of opportunities to just take a pass so the auction is going to come to close more quickly now than it would have if they kept eligibility use static,” said a wireless lawyer who’s following the auction closely. As of round 42 all 176 licenses the FCC is offering had provisionally winning bids.