As of Monday (December 17) the FCC’s 28 GHz auction had reached $688.7m in total bids after 74 rounds of bidding. There will be a break in the process from 1pm (Eastern Time) on Friday December 21 until 10am on January 3 2019. There are now 2,939 licences in the 28 GHz band with provisional winning bids and 133 left on the table. That auction is clearly reaching its conclusion, and the probable final prices will reflect changes in the perception of high frequency spectrum. Prices per MHz/pop will be low because of the high capacity of this band – in the upcoming 24 GHz auction, the opening prices have been set a full 188 times lower than those for…