Sprint to buy Wirefree's spectrum for $105M2010-08-11 09:27 by DanielaTags: Sprint, Wirefree
Sprint Nextel disclosed in its recently quarterly filing that it will purchase 10 MHz of spectrum across 16 markets for a total of around $105 million. While the action appears to be a relatively minor housekeeping item for the nation's No. 3 carrier, it does again serve to highlight the importance - and value - of spectrum in the mobile market. Sprint purchased the spectrum from Wirefree Partners III LLC, a company founded by former executives of AirGate PCS (a Sprint affiliate that was acquired by Alamosa Holdings, which itself was acquired by Sprint). Wirefree had net high bids of around $150 million for 16 licenses in the FCC's broadband PCS Auction 58, held in 2005, covering just over 18 million POPs. (Wirefree received small-business bidding discounts for most of the licenses.) The licenses, which are in the 1900 MHz band, cover markets including Austin, Texas; Cincinnati, Ohio; Gallup, N.M.; Virginia Beach, Va.; and Seattle, Wash. Sprint's CDMA network runs in the 1900 MHz band. Read more -here-
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