Sale of the century comes to an end

America's 'hundred-year auction', the 700MHz auction selling off prime spectrum released by switching off the analogue broadcasting signal, has finally closed.

After 65 days and 261 rounds of bidding the auction has provisionally raised a record US$19.592 billion for 1090 licenses. Most of the bidding for the important blocks of spectrum, and especially the C-Block which was available either as a single national licence or a handful of regional licences, ended at an early stage in proceedings. Bidding on small licences dragged proceedings out, but the auction rules stipulated the names of winning bidders would not be announced until after the auction closed.

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