IDT Spectrum (IDT) to Sell Portfolio of Spectrum Licenses
IDT Spectrum, a subsidiary of IDT Corporation (NYSE: IDT), said today that it is accepting offers for its portfolio of 38 GHz and 28-31 GHz spectrum licenses.
The IDT Spectrum portfolio includes nine hundred and thirty one 38 GHz (sometimes referred to as 39GHz) licenses and sixteen 28-31GHz Local Multipoint Distribution Service (LMDS) licenses with an average of 1,000 MHz of spectrum in the top 25 U.S. markets. In the New York City market alone, the portfolio includes an aggregate of 1,650 MHz of spectrum. Nationwide, the IDT Spectrum portfolio can support 4G and other bandwidth intensive technologies.
The deadline for offers to be submitted is Thursday, November 12, 2009. No value was reported for the portfolio.
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