The bids for 24 GHz spectrum continue to go up, with $1.63 billion in bids garnered through the first 32 rounds of bidding. Another three rounds will be held to close out this week.

Comparatively, the 28 GHz auction held earlier this year raised only $704 million in its entirety.

Thirty-eight bidders continue to vie for 24 GHz licenses in the clock phase of the auction, where bidding will continue until the number of bids at steadily-increasing prices matches the number of available licenses for each market.

The clock phase lets participants bid on generic blocks in each Partial Economic Area in successive bidding rounds, followed by an “assignment phase” that allows the winners of the generic blocks to bid for frequency-specific license assignments. The clock phase continues, with prices automatically increasing each round, until bidders’ demand for licenses at a certain price matches the supply — and at that point, the bidders who have indicated they are willing to pay the final clock price for a license will be considered winners and the assignment phase can begin.

The priciest current bids are for licenses covering New York City — running up to about $41.1 million — and Los Angeles at up to $31.6 million.

Auction 102 offers up more than 2,900 licenses in the 24.25– 24.45 and 24.75–25.25 GHz band. The licenses up for bid are based on a Partial Economic Area geographic basis which divides the country into 416 sections. Seven blocks of 100 megahertz will be available in nearly all of the licensed markets. The FCC noted in its auction information that the G block in some markets is completely or partially encumbered, so in a few PEAs in Arizona and Nevada, only six blocks are available. The lower segment of the 24 GHz band (24.25–24.45 GHz) will be licensed as two 100 megahertz blocks, according to the FCC, while the upper segment (24.75–25.25 GHz) will be split into five 100 megahertz blocks. Those licenses are indicated as categories L and U in the bidding round results.

Thirty-eight bidders qualified to participate in the auction, including AT&T, T-Mobile US, Verizon and Sprint (bidding as ATI Sub LLC); U.S. Cellular; Dish Network, bidding as Crestone Wireless; Starry Spectrum Holdings and Windstream Communications.

The auction is proceeding in spite of bipartisan objections from several House members, NASA and the National Oceanic and Atmospheric Administration, which have expressed concern to the FCC that the agency is pushing ahead with 5G development that could potentially impact weather data collection operations in adjacent bands and hamper the nation’s weather forecasting capabilities.

The FCC is making a total of 1.55 gigahertz of spectrum available through auctions 101 (which concluded in late January after raising $702 million) and 102. The agency plans to hold three more mmWave auctions during 2019, covering spectrum at 37 GHz, 39 GHz and 47 GHz.

Although the FCC has usually makes winning bidders public shortly after the close of an auction, the winning bidders from Auction 101 will not be publicly named until after the close of Auction 102.

The post Auction 102: $1.6 billion and counting appeared first on RCR Wireless News.