New Firm Looks to Create Spectrum Exchange
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Sep 5, 2008, 7:13 AM by Eric M. Zeman
A company called Spectrum Bridge is hoping to set up a secondary way for companies to buy and sell radio spectrum. The company, which has raised $2 million in private financing and has partial backing by the federal government and FCC, would allow companies to buy and sell their spectrum licenses at will without the need for an FCC auction. The FCC would, however, have to approve any spectrum transactions. Rather than sell large chunks of airwaves, Spectrum Bridge will offer smaller pieces of spectrum through its Web site. The company launches today, and has about $250 million worth of spectrum listed for sale.
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just what the free market ordered