Spectrum Auction Reaches Clean-Up Stage

Its not over until its over.

In an article published just after noon eastern time today (1/23), Broadcasting and Cable reports that the FCC’s spectrum auction isn’t finished quite yet.

In round 4 of stage 4 (in what is essentially the clean-up phase of the spectrum incentive auction), forward auction bidders upped their bids by about $35 million, from $18,299,482,587 in round 3 January 19, the most recent bidding day, to $18,354,882,127, during a two-hour round this morning.

Round 5 of stage 4 was scheduled to continue at 2 p.m. today.

The publication notes that broadcasters’ take is already fixed at $10,054,676,822, so anything above that (and the $1.9 billion to cover auction and repacking) goes to the treasury and deficit reduction.

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