nice find Anthony. Fwiw, here's another BTAB PCS auction report:
HIGHLIGHTS:
-- The re-auction of PCS frequencies continues after day 4 (26-Mar). After
8 rounds of bidding, the auctions have yielded net bids of $228 million.
Early results, while not terribly significant, are nonetheless interesting
(please see our note dated 22-Mar for identification of the top 10
qualifying participants).
-- TOP FIVE BIDDERS BY NET BID
(we note that an entity's bid amount can fluctuate (wildly) from round to
round--as opposed to necessarily rising each round--if it loses a high bid
position)
Bidder Markets Bid ($Mil)
Cook Inlet/VoiceStream PCS 21 127.9
ABC Wireless 36 14.8
Leap Wireless 9 12.8
Beta Communications 2 9.0
Pegasus PCS Partners 1 7.6
Source: Federal Communications Commission.
-- TOP FIVE MARKETS BY NET BID
Market Bidder Bid ($Mil)
Bid/POP
Chicago (30MHz) Cook Inlet/VoiceStream 61.9
$7.55
Dallas (30MHz) Cook Inlet/VoiceStream 39.1
$9.05
St. Louis (30 MHz) Cook Inlet/VoiceStream 11.7
$4.30
Philadelphia (15 MHz) Cook Inlet/VoiceStream 11.6
$1.96
Phoenix (30 MHz) Beta Communications 8.8
$3.70
Source: Federal Communications Commission.
-- RECENT BIDDING ACTIVITY BY ROUND
New Net % Eligible
Round High Bids Bids Chg. Bidders
5 60 $159M 11% 67
6 75 $183M 15% 63
7 50 $210M 15% 63
8 43 $228M 9% 63
Source: Federal Communications Commission.
-- NET-NET: The auction is showing its first signs of slowing down with net
bids showing a single digit increase for the first time. However, plenty
of bidders remain, and plenty of bidding credits remain eligible so it's
likely still too early to draw any definitive conclusions. Chicago and
Dallas continue to draw the most bidding attention, and represent the top
two bids on a per-POP basis at $7.55/POP and $9.05/POP, respectively. This
compares with an average of $1.00/POP in for markets with an active bid so
far, and along with St. Cloud, MN, represent the only markets over the
$5/POP level (so far)... Stay tuned. |
