The government's latest spectrum auction has reached the end of its first week with two of the four bands already completed and much competition in the final two.
The first band to go, the unloved left-over from an earlier spectrum auction, was passed in after no bidding was received for it during the first round. In this auction the rules have been tightened to ensure a speedy conclusion, so one round of inactivity means the auction is concluded for that segment.
The two remaining segments include one for wireless local loop service with bids of up to $200,000 per slot being recorded at the end of round six.
Bidders include Vodafone and TelstraClear with dark horse UCC, co-owned by Leicester Chatfield, formerly of Radionet fame, and new Radionet owner Compass Communication and BCL also in the running.
The last segment is the LMDS band. LMDS (local multipoint distribution service) is being offered already by TelstraClear and it is bidding for rights in this space alongside Vodafone, BCL and the little known company Video Networks.
Today will see rounds seven and eight before a break in the schedule for the weekend. Round nine, assuming bids are still being received, will commence at 9am on Monday.