American Digital Communications Inc. said it has signed an $18 million vendor financing agreement that will cover the purchase of 220 MHz equipment by ADC customers for the next three years.
Providing the financing is United Capital One, a subsidiary of United Nevada Discount of Redondo Beach, Calif. Denver-based ADC began in June to create third-party distribution channels to sell subscriber equipment to end users, with initial efforts in Denver, Phoenix, St. Louis and Portland, Ore.
The company said it has built 10 220 MHz transmitter sites and expects to complete 13 more by the end of this month, with plans to build a total of 75 to 100 sites to support a minimum of 36,000 subscriber units.
NOTABLE QUOTE
“My own vision of the FCC is to be in close contact with the states-working with them, talking with them, seeing them about what [regulations] need clarification. We can’t be bunkered down here in a foxhole surrounded by 75 lobbyists.”
FCC Chairman Reed Hundt. Story on Page 3.
