IDT Spectrum (IDT) to Sell Portfolio of Spectrum Licenses
More News related to IDT
- IDT Introduces PennyTalk(R) Mobile App for iPhone(R) Users to Save Big on International Calls
- Fortune 1000 Consumer Services Company Deploys Palo Alto Networks Next-Generation Firewalls
- IDT Corporation to Report Fiscal 2009 4th Quarter and Full Year Results
- IDT Spectrum (IDT) to Sell Portfolio of Spectrum Licenses
- IDT Spectrum Puts FCC License Holdings Up For Sale
More News related to Corporate News
- Sprint Nextel (S) Completes Tender Offer for iPCS, Inc. (IPCS)
- Ford (F) and Geely Reportedly Clear Hurdle On Possible Volvo Deal
- Starent Networks (STAR) To Settle Shareholder Class Action Suit In Connection With Proposed Merger with Cisco (CSCO)
- Hurray! Holding (HRAY) To Acquire Ku6 in All Stock Transaction
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.
Related Categories
Corporate NewsStocks Mentioned
+0.06Comments
IDT Spectrum Auction
There is some pretty interesting press about this - According to an article in Wireless Week: "Besides Tier 1 or other wireless carriers, cable companies might be interested in acquiring the spectrum, as well as tower companies that want to compete with FiberTower, which owns similar spectrum. "
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
IDT Spectrum
Richard Cho on Oct 21, 2009 03:09 PMAnother potential wrinkle - according to an article in Information Week: The issue has also caught the attention of the chairman of the Federal Communications Commission, as Julius Genachowski has said there is a "looming spectrum crisis." The federal agency is seeking comment on spectrum allocation needs, and it may reallocate existing spectrum for future mobile data needs.