H Block Bidding Nears $1 Billion

With 27 rounds under its belt, the Federal Communications Commission's H block auction has drawn over $913.8 million in bids for the vast majority (169) of the 176 licenses up for auction.

New York accounts for more than 20% of that total with more than $216.9 million bid most recently for that license. The FCC has set a floor price of $1.564 billion aggregate for all the licenses, but Dish has promised to at least meet that figure so the commission does not face the prospect of having to restart the auction with a lower floor price.