Towerstream to bid in 700 MHz auction

Towerstream has filed with the FCC to bid in the 700 MHz auction, according to a report from Mass High Tech. Towerstream aims to use the spectrum to build out its WiMAX network. Jeff Thompson, CEO of Towerstream, called the 700 MHz spectrum a "natural fit" for WiMAX technology. Towerstream has established what it calls "pre-WiMAX" networks in markets that include New York City, Los Angeles, Chicago, San Francisco and Boston.

For more on the company's auction play:
- read this article from MassHighTech