Bidders in 24 GHz Auction Wanted Spectrum Blocks They Could Aggregate, Citi Says
More will be known when the FCC releases a list of winning bidders in the 24 GHz auction, Citi’s Michael Rollins told investors late Wednesday. The clock phase of the auction ended Wednesday (see 1904170047). “The most significant takeaway is…
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that bidders in the 24 GHz auction placed a higher value on spectrum that could be aggregated to form a contiguous block larger than 200 MHz,” Rollins said. Average spectrum price in markets with “greater competitive bidding intensity was in the range of 1.5-2.5 cents per MHz-POP," he said.