Spectrum Bridge reported its online spectrum marketplace, SpecEx.com, negotiated some $8 million in secondary spectrum market transactions during the second quarter. In addition, the company said it amassed an inventory of about 5 percent of the total available market for spectrum coverage. The bands range from 40 MHz to 40 GHz.
Co-founder and Chief Marketing Officer Rick Rotondo said that one of the transactions involved PCS spectrum and a consortium of telecom companies in Iowa that had the desire to get back into the wireless business.
"What makes this interesting is that this was the only transaction in which spectrum was bought and sold for what it was intended for. The rest of our deals involved repurposing spectrum from an old app to a new one," he said in an interview with FierceWireless.
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