Vecima Sells Off More Radio Spectrum

Vecima Networks' special purpose entity YourLink has concluded phase 2 of an agreement to sell a portion of its radio spectrum licenses in the 3.5 GHz band for $7.3 million to Xplornet Broadband.Phase 1 of the transaction concluded in December 2011 for $8.0 million. At that time, Vecima announced that Xplornet paid for the option to purchase additional spectrum licenses. Xplornet has now exercised its option to purchase additional licenses totaling $7.3 million.