CBRS Auction Climbing Slowly, Hits $486.5 Million After 3 Days

The citizens broadband radio service hit $486.5 million after five rounds Monday. Bids were at $357 million at the end of the first day Thursday (see [2007230074). New Street’s Blair Levin cautioned against judging based on how much money it brings in, the usual auction measure. “The CBRS auction is not about how much the spectrum is worth,” Levin told investors: “The importance here will be determined by other, more subtle metrics. Such metrics would include the extent to which incumbents can use shared spectrum to reduce their cost structure, cable can use CBRS to provide their own wireless services, and new providers who control specific areas, such as universities and office park owners, can use the spectrum to offer niche services.”