Vecima Sells 3.5 GHz Spectrum

Vecima Networks has concluded phase one of an agreement to sell a portion of its 3.5 GHz radio spectrum licenses to Xplornet Broadband. Vecima entered into an agreement for a multi-phase transaction earlier this year. The first phase involved the sale of 16 lice...

Vecima Networks has concluded phase one of an agreement to sell a portion of its 3.5 GHz radio spectrum licenses to Xplornet Broadband. Vecima entered into an agreement for a multi-phase transaction earlier this year. The first phase involved the sale of 16 licenses for approximately $8 million. Options exist for the sale of additional spectrum licenses in the next three months.
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