The FCC's first ever Incentive Auction will recover spectrum from television broadcasters in order to auction new licensed airwaves for wireless communications.
Dallas, Texas (PRWEB) August 12, 2014
4G Spectrum LLC announced today that it is launching a securities offering to raise capital to participate in the upcoming Incentive Auction by the Federal Communications Commission that will make new spectrum available for deployment of 4G and LTE broadband wireless services and technologies.
Earlier this year, the FCC announced that it had adopted rules for its first ever Incentive Auction that will recover spectrum from television broadcasters in order to auction new licensed airwaves for wireless communications. Spectrum is a scarce commodity controlled by the FCC. The explosion of mobile devices such as data-hungry smartphones, notebooks and tablet computers which use airwaves to connect to other people and the Internet have placed tremendous demands on the existing spectrum holdings of wireless carriers, creating what is commonly called the “spectrum crunch.” The FCC has responded with its Incentive Auction, which will open up additional spectrum in frequency bands that are most adaptable for use in mobile broadband services, in order to benefit consumers by easing congestion on wireless networks, expediting the development of new, more robust wireless services and helping to fill in coverage gaps across the country.
The company is conducting a securities offering pursuant to Rule 506(c) of Regulation D, which permits the company to use general solicitation to raise capital from “accredited investors” as defined by the SEC in Rule 501(a). Interested parties are invited to visit http://www.4gspectrum.net for more information about the company, its key principals, the FCC’s Incentive Auction and to request an Investor Kit. The company’s securities offering is also open to qualified and institutional investors, including family offices and hedge funds, interested in FCC-licensed wireless spectrum as an alternative asset class.
The company was formed by a team of professionals with extensive experience in the telecommunications and wireless industries, including experience in FCC spectrum auctions. The company anticipates that it will qualify for available bidding credits (i.e., auction discounts) of up to 25% on wireless licenses that it may win in the FCC's Incentive Auction.
About 4G Spectrum LLC
4G Spectrum LLC was formed to acquire, develop, manage and monetize a portfolio of wireless licenses. For more information, visit 4gspectrum.net.
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