H Block Nears $1.5 Billion

With 96 rounds completed, the Federal Communications Commission's H block auction is just under the $1.5 billion mark. As of Feb 19, the auction has reached $1,499,978,000 in bids for 176 spectrum licenses. There were 13 bidders in the latest round, adding another $3.45 million to the total from the previous round. The top bid is for New York, and appears to have topped out at a bid of just under $217 million. Dish has promised that the auction will at least meet the FCC's floor price of $1.564 billion.