FCC 28 GHz Spectrum Auction Moves to Stage Three

The Federal Communications Commission will move the 28 GHz auction to stage three beginning Jan 14. It will stay with the same number of six rounds per day, and the same half-horu duration, but instead of bidders having to bid on 95% of the licenses for which it is eligible, they must now bid on 100% of those licenses. Unless the bidder has a waiver it can use, if it does not meet the 100% activity level, its eligibility will be permanently reduced.  As of round 123, the total aggregate provisionally winning bids (PWBs) totaled $695,103,710 for 2,939 licenses, with the FCC still retaining 133 licenses that had no PWBs. While much of the FCC is shuttered due to the government shutdown, the auction will continue since it is funded through auction proceeds rather than the appropriation process.