The 700 MHz spectrum auction now has total winning bids of $6.1 billion, reports the NYT. The C block closed on Monday at $3.42 billion, an increase of $1.27 billion from the previous week, and at this rate should soon hit the $4.6 billion reserve price which means the open access rules will kick in. How it will fair then is a bit of a mystery, since it’s widely believed that’s the point at which Google (NSDQ: GOOG) will stop bidding. Its ugly cousin the D block (with the requirement to build a network for first responders) still hasn’t had any suitors since the first bid and languishes at $472 million. Still, the NYT suggests that a loser from the C block may go for it as a consolation prize.
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