Startup brings together spectrum buyers and sellers
Lake Mary, Fla.-based start up Spectrum Bridge is hoping its new website specex.com will bring together wireless spectrum buyers and sellers. The company, which is making its debut today, says it has an inventory of $250 million in spectrum, mostly in secondary markets.
The FCC doles out wireless spectrum licenses during its auctions but wireless carriers often buy additional slices of spectrum from other parties such as universities, religious broadcasters and spectrum-holding companies. These transactions are then approved by the FCC.
But Spectrum Bridge says this process is inefficient because spectrum buyers don't always know how to find the spectrum sellers and spectrum sellers don't know how to accurately value the spectrum they are selling. Spectrum Bridge believes it can solve those problems by creating this online marketplace. The firm will vet the buyers and sellers and take a cut of each transaction.
- see this WSJ article (sub. req.)