Report
3.45GHz Auction, Day 11 Update: With Reserve Cleared, Auction Appears to Be Slowing
What's new: Bidding in the 3.45GHz auction has wrapped for the day, with gross proceeds landing at $16.4BN (or $0.54/MHz-POP). After the auction cleared the reserve earlier today (in round 40), excess demand pulled back sharply as bidders quickly cleared out of the largest markets that had been driving gross proceeds toward the reserve.
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Philip Burnett
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