California-based telecom firm GeoLinks on Thursday announced that it has entered into a deal to acquire 208 Local Multipoint Distribution Service (LMDS) band spectrum licenses from Verizon covering markets across the United States.
The deal, once approved by the FCC, will make the company the largest holder of LMDS licenses in the 29/31 Ghz bands. Financial terms of the deal were not disclosed.
The acquisition reflects a total MHz/POP of 70,612,423,950. Markets in the spectrum license acquisition include New York, Los Angeles, Chicago, Philadelphia, Dallas-Ft. Worth, Atlanta, Houston, Washington, DC, Boston, Tampa-St. Pete, Minneapolis-St. Paul, Detroit, Miami-Ft. Lauderdale, Charlotte, St. Louis, Raleigh-Durham and Indianapolis, among others.
GeoLinks plans to utilize the acquired spectrum to support its current and growing customer base, offering faster speeds with fixed point-to-point and point-to-multi-point wireless services, and provide backhaul for 5G services. The spectrum is not suitable for flexible use.
Skyler Ditchfield, co-founder and CEO, GeoLinks
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 fiber-like latency and jitter statistics to our customer base across these markets.
