FCC Grants Build-out Extension to FiberTower

The FCC has granted an extension of time to FiberTower for on deadline for the build-out on 102 of its 24 GHz spectrum licenses. The deadline is postponed through June 1, 2012. FiberTower now plans to file renewal applications in mid-January 2011 referencing the build-out extension. FiberTower also has one additional 24 GHz license that does not expire until 2015.


Previously, FiberTower's 39 GHz licenses with 2007 build-out deadlines and license expiration dates went through a similar process.


"The build-out extensions benefit both the public interest and the company by allowing FiberTower to further develop its valuable 24 GHz and 39 GHz spectrum assets in response to market demands instead of building to meet an artificially set timeframe," said Joseph M. Sandri, Jr., FiberTower's Senior Vice President, Regulatory and Government Affairs.
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