After 71 rounds and practically $80.7 billion in bids raised, the C Band public sale bidding is slowing, with costs settled for a lot of the licenses and fewer than 25 license merchandise nonetheless below rivalry.

5 rounds of bidding are being held every day.

Ari Meltzer and Rick Edelman with regulation agency Wiley famous in evaluation of the public sale as of Spherical 65 that bidders have positioned bids on all licenses, and the typical costs for the blocks within the largest U.S. markets appear to have been decided, with active bidding shifting to smaller markets. Nevertheless, in addition they identified that costs within the remaining aggressive markets have been nonetheless beneath the typical costs for markets of comparable sizes. Bid costs have been rising considerably every spherical, at a price of round 10% as of Spherical 65, and that tempo of worth improve was anticipated to drive a gentle lower in demand, the 2 concluded.

The public sale’s complete raised has far exceeded estimates and has introduced in additional gross bids than some other Federal Communications Fee public sale. Comparatively, the earlier largest public sale was the AWS-3 public sale that ran in 2014-2015 and raised practically $45 billion.

The markets have been probably the most extra demand stays as of Spherical 71 embrace Bangor, ME; West Plains, MO; Altoona, PA; Hinesville, GA; Valdosta, GA; Watertown, NY; and Brunswick, GA in response to analysis by Sasha Javid, COO of BitPath and previously lead of the Federal Communications Fee’s public sale staff.

The three.7 GHz service is split into 5,684 licenses, or 14 sub-blocks in every of 406 out there Partial Financial Areas throughout the USA. The A block consists of 100 megahertz (5 20-megahertz sub-blocks) from 3.7-3.8 GHz; that spectrum would be the first to be cleared, with a deadline of December 2021. The B block consists of 100 megahertz (5 20-megahertz sub-blocks) from 3.8-3.9 GHz) and the C block makes up the ultimate 80 megahertz with 4 20-megahertz sub-blocks; that spectrum is slated to be cleared by December 2023. (There may be additionally a 20-megahertz guard band at 3.98-4.0 GHz; satellite tv for pc operators will transfer their operations into the highest 200 megahertz of the band from 4.0-4.2 GHz.)

Within the largest PEAs, the licenses are being bid upon individually as A-blocks and BC-blocks. In the remainder of the remaining 360 PEAs, the licenses are being bid upon as a single (ABC) class. The A-block’s costs replicate the extra desirability that comes with extra fast availability and people licenses are inclined to have a premium worth in contrast for greater than the corresponding BC blocks — however not at all times. In NYC, as an illustration, A block licenses have landed at a worth of about $515 million every, however BC block licenses are at practically $515.2 million. In Los Angeles, the A block has a major worth distinction: $554.2 million in comparison with $504 million for BC licenses.

The C Band spectrum will present an injection of highly desired midband spectrum for 5G deployment within the U.S., with larger out there capability than different sub-6 GHz airwaves and higher propagation traits than millimeter wave.