A new bidding schedule featuring three hour-long sessions held per day, which went into effect on August 23, has without a doubt sped up the FCC Forward Auction.
At the end of Round 21, some $20.57 billion was raised.
Starting with Round 22 at 1oam ET today, the FCC hopes to further speed up its Forward Auction—and bidding—by doubling the increment percentage used to set new clock prices for all spectrum in each round.
The shift means a 10% increment will be added to the previous round’s posted price, up from 5%.
Friday’s bidding began at $18.58 billion raised toward spectrum thus far, marking the second straight day where roughly $2 billion in spectrum went up for auction.
Some $610 million was raised in Round 12, repeating the dollar activity seen in Round 11. Meanwhile, roughly $590 million was raised in Round 10.
Bidding rounds are expected to continue for the next several weeks.
The reverse auction concluded bidding with a clearing cost of $86.42 billion and a clearing target was set at 126 MHz of spectrum.
