Citigroup Says 24 GHz Auction Likely to Bring in $3 Billion
The FCC 24 GHz auction was at $1.4 billion Monday after 23 bidding rounds. Citigroup wrote investors Monday the auction is likely to end near the upper end of the firm's $3 billion forecast. The report noted that demand was…
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withdrawn in the five largest markets once bidding reached 1 cent per MHz POP. “Activity has been concentrated in the upper portion of the band, where there are five contiguous 100 MHz licenses available, versus the lower portion which features just two contiguous 100 MHz licenses,” Citigroup said. “Bidders seem to want more than 200 MHz of contiguous spectrum.”