C-Band Bidding Tops $40 Billion, on Track to Be Record for Spectrum Auctions

Bidding in the C-band auction is accelerating, hitting $40.3 billion as of midday today, per the FCC's Auction 107 public reporting system. That's nearly double the amount at the close of bidding Thursday. Today marks the 10th day of the auction, which began Dec. 8. It could eclipse the AWS-3 auction, which raised $45 billion in 2015 and become the largest spectrum auction in commission history.

The bidding is to pause midday Wednesday for the holidays and resume Jan. 4.