AWS Auction Update: Bids Top $7 Billion

The AWS spectrum auction has now hit over $7 billion in total bids, which is just the minimum bidding total that analysts had predicted the entire auction would deliver. The more traditional carriers are starting to move past the much-talked-about media consortiums, and Verizon Wireless led the bidding for the 14th round with $3.53 billion.

Further down Cingular had $135.67 million and T-Mobile had $102.95 million. The cable group SpectrumCo still had the fourth highest in net bids in the round of $619.48 million, and the cable group the Dolan Family placed $78.87 million. The satellite consortium Wireless DBS dropped out of the top 10 (temporarily?). The bidding could go as high as $15 billion analysts predict.

Also, our previous AWS auction coverage.


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