Preferred Communication Systems, Inc. and North Sight Communications, Inc., have agreed to jointly offer their Puerto Rico and the U.S. Virgin Islands 800 MHz spectrum in an open public auction scheduled to begin December 1, 2015. The two companies together hold 9.15 MHz of cellular Band 26 spectrum on the Islands. The combined 800 MHz spectrum offered in the auction will be the last opportunity to acquire 800 MHz cellular spectrum that provides coverage to the entire Puerto Rico and U.S. Virgin Islands market areas.
Walters & Associates, Inc. has been engaged to conduct the auction for the two companies. Charles E. Walters of the firm stated “The recently concluded AWS-3 Auction demonstrated the demand for cellular spectrum in the Puerto Rico market. The spectrum offered in the upcoming auction would increase the 800 MHz holding of the A or B Block cellular licensees by 36%, represents over 65% of the available cellular Band 26 spectrum in the Puerto Rico market, and represents over 50% more spectrum than that available in the 6 MHz channels which will be offered in the upcoming 600 MHz FCC incentive auction. These are the reasons we have received so much interest in the 800 MHz spectrum offering by carrier companies and spectrum investors.”
Walters & Associates, Inc. plans to conduct a reverse auction patterned after the upcoming 600 MHz FCC incentive auction. The opening bid price will be set based on the opening bid prices set by the FCC for the Puerto Rico market in the upcoming 600 MHz spectrum auction. As each round of the auction progresses, the offering price will be reduced incrementally until a winning bid is received for the spectrum.
For a copy of the comprehensive Offering Statement for the Puerto Rico 800 MHz spectrum, along with the auction bid instructions and an auction registration form, please contact Charles E. Walters of Walters & Associates, Inc. here.
For More Information Contact:
Charles E. Walters, ASA
Walters & Associates, Inc.
301-320-0628
[email protected]
