J Block 'Most Coveted' in AWS-3 Auction, Say UBS Analysts

The J block of AWS-3 spectrum remains the most coveted after Day Nine of FCC auction bidding ended Tuesday, UBS analysts wrote investors Wednesday. The J block reached an average valuation of $2.65/MHz POP, they said in a research note. In the top 25 markets, the Chicago G and J blocks have the highest valuations at $6.28 and $6 respectively, they said. “Due to prior bid withdrawals, 20 bids do not have a provisional winning bid.” New York was the most active market, with bids rising 14 percent day over day, followed by 9 percent growth in San Juan, and 8 percent in Los Angeles, they said.