SAN FRANCISCO-RateXchange, San Francisco, is calling its new CustomAuctions service, announced March 27, “the first private sector initiative to develop a secondary market for wireless spectrum.”
The company said its initiative is in line with Federal Communications Commission Chairman William Kennard’s recent remarks articulating the agency’s “desire for a spot market to develop for wireless spectrum as it has for wireline bandwidth.”
In recent months, RateXchange debuted its Real Time Bandwidth eXchange, a commodity exchange for wireline bandwidth.
“The launch of CustomAuctions is the next logical step in our ongoing effort to provide a full market service line for our customers,” Donald Sledge, chairman and chief executive office of RateXchange, said.
“Through customization, we can provide companies with a highly efficient solution to resolve market friction, allowing transactions to occur that would otherwise fail.”
CustomAuctions is designed to allow buyers and sellers of spectrum and minutes capacity to trade them at lower cost and in a reduced timeframe than typical request for proposals and request for queries processes permit.
