After 45 rounds which have raised $69.8 billion in bids from a discipline of 57 certified bidders, the C Band public sale is taking a break for the vacations. The public sale will resume January 4.

The public sale’s whole raised has far exceeded estimates and has introduced in additional gross bids than different different Federal Communications Fee public sale—and it’s not over but. Greater than half of the out there license-types are nonetheless seeing energetic competitors; as of spherical 45, demand exceeded the provision of obtainable licenses for 235 of the license merchandise. Demand was equal to produce for 217 license merchandise.

Comparatively, the earlier largest public sale was the AWS-3 public sale that ran in 2014-2015 and raised almost $45 billion.

License costs are eye-popping. Particular person licenses within the New York Metropolis space are the most costly, at greater than $515 million per license.

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 US. 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.)

The A-block’s costs replicate the extra desirability that comes with extra fast availability and in lots of markets, these licenses are going for greater than the corresponding BC blocks. In Los Angeles, for instance, the A block licenses are going for almost $458 million apiece, whereas the BC blocks have bids of $416.5 million.

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.

Past NYC and Los Angeles, the most costly licenses are in Chicago, IL ($213 million for A blocks, $202 for BC blocks) and San Francisco, CA ($213 million for A blocks, $203 million for BC blocks) and Baltimore-Washington D.C ($194 million for any block-type).

On a mean value per megahertz-POP foundation throughout blocks, the most costly markets as of Spherical 45 have been Omaha, NE ($1.76 per MHz/POP); Phoenix, AZ ($1.69 per MHz/POP); Milwaukee, WI ($1.66 per MHz/POP); Las Vegas, NV ($1.59 per MHz/POP); and Miami, FL ($1.55 per MHz/POP) based on analysis by Sasha Javid, COO of BitPath and previously lead of the Federal Communications Fee’s public sale crew.

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.

Two rounds of bidding have been held right now. When day by day bidding resumes in January, it’s going to proceed with five, 30-minute bidding rounds each day.