Spectrum Bridge raked in $8M in secondary spectrum deals in Q2

Spectrum Bridge, a 2009 Fierce 15 award winner, said its online spectrum marketplace, SpecEx.com, successfully negotiated $8 million in secondary spectrum market transactions during the second quarter. The company also said it has amassed an inventory of about 5 percent of the total available market for spectrum coverage, spanning bands from 40 MHz to 40 GHz. In an interview with FierceWireless, Rick Rotondo, co-founder and CMO of Spectrum Bridge, said that one of the transactions the company completed in the second quarter was for PCS spectrum and involved a consortium of telcos in Iowa that wanted 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. Release

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