The AWS spectrum auction is continuing with the remaining players showing no sign of giving up.
Today, June 18, is the sixth day running under Stage 3 rules. It started with high bids totaling $3.8 billion.
There were eight 20-minute rounds scheduled today, with only 40-minute breaks in between. The last session ends at 4:20 p.m. Eastern time. On Thursday the rounds will be cut to 15 minutes each.
UPDATE: Wednesday marked a definite slowing in the bidding, which for the past several days has averaged $10 million a round. Today's opening session, round 78, started modestly with 58 bidders adding just over $5.3 million in high bids, followed by sessions of $6.2 million, just under $7.3 million, $6.5 million and $5.6 million in additional high bids. Round 83, which ended at 2:20 p.m., continued this trend by going up $6.46 million, followed by a round of $6.2 million. The day ended with a round of $5.9 million.
Tuesday's first session, round 70, saw high bids inching up $13.1 million. There were 68 new bids in the round, 63 of which were new high bids. Participants bid up another $11.6 million in Round 71 and $8.5 million in round 72.
But in round 73, although there were 79 new bids, the amount of high bids actually dropped by some $88 million after Globalive withdrew its $96.6 million bid for a 10Mhz piece of spectrum over Montreal. It had been swapping high bids for that licence with Quebecor since round 23. Quebecor held it for five rounds Monday with a bid of $92.8 million, then surrendered it this morning to Globalive which bid $3.8 million more, before withdrawing the bid.
In the next session, round 74, Quebecor snatched it back with a $96.6 million bid, thus making the total high bids on the session leap by almost $88.5 million. However, there were only 49 new bids the entire session, noticeably fewer than most recent rounds. Thus energized, participants came back in round 75 to put down $27 million more from 75 new bids.
For those trying to make sense of what the new entrants are doing, at the end of last FridayGlobalive had the largest number of high bids, 41, followed by Bragg Communications (which does business as the Maritimes’ Eastlink Cable), with 25, Alberta’s Shaw Communications with 19, Videotron owner Quebecor with 16 and DAVE (Data & Audio Visual Enterprises Wireless) with 10.
But by the end of Monday, there had been a dramatic change as bidders apparently are trying to deny Globalive coast-to-coast holdings. Bragg had the biggest number of high bids (30), followed by Quebecor and Shaw (23) and then Globalive dropping to 22. In dollar terms, though, Globalive had the top high bids, $564,608,317, followed by Quebecor's $ 436,595,000. By Tuesday afternoon Globalive had moved back up to 42 high bids.