Integrated telecommunications services provider CT Communications Inc. said it has agreed to sell its rights to certain wireless broadband spectrum assets to Clearwire Corp. affiliate Fixed Wireless Holdings L.L.C. The spectrum assets include Broadband Radio Service spectrum and Educational Broadband Service spectrum that CTC had lease rights to use for commercial purposes.
Information on the market that the spectrum covers was not immediately available. Financial terms of the agreement were not released.
CTC also noted that as part of the agreement, it retained resale rights to services as Clearwire deploys wireless broadband services within the markets covered by the licenses.
“The sale of these spectrum assets allows us to realize current value from the assets while preserving the flexibility to offer wireless broadband services through a future resale arrangement with Clearwire,” said Matthew Dowd, senior vice president of business operations for CTC.
Clearwire, which is owned by wireless industry pioneer Craig McCaw, provides wireless broadband service in parts of Texas, Florida, Oregon and Minnesota and has announced additional rollout plans for parts of California.
