Southern California-based GeoLinks has entered into a deal to acquire 208 Local Multipoint Distribution Service (LMDS) band spectrum licences from Verizon covering a number of major US markets. Markets covered by the frequencies include: New York, Los Angeles, Chicago, Philadelphia, Dallas-Fort Worth, Atlanta, Houston, Washington DC, Boston, Tampa-St. Petersburg, Minneapolis-St. Paul, Detroit, Miami-Fort Lauderdale, Charlotte, St. Louis, Raleigh-Durham and Indianapolis. The deal – once approved by the Federal Communications Commission (FCC) – will make GeoLinks the largest holder of LMDS licences in the 29GHz/31GHz bands. Financial terms of the deal have not been disclosed.
Skyler Ditchfield, co-founder and CEO of GeoLinks, commented: ‘The acquisition of this 28GHz spectrum will allow us to achieve vastly higher speed over longer distances. With this deal we will control our own airwaves and have the ability to provide gigabit and multi-gigabit speeds at lower prices and with fibre-like latency and jitter statistics to our customer base across these markets.’