Sunday, August 28, 2005

IDT Spectrum Files for IPO

IDT Spectrum, which holds licenses for a large and broad collection of commercial fixed wireless spectrum in the United States, filed an SEC registration statement for a proposed initial public offering (IPO) of its Class B common stock.

The company is developing a fixed wireless network platform that will integrate wireless spectrum with operational management capabilities and a flexible architecture to serve the specialized backhaul and telecommunications connectivity needs of a variety of customers, such as cellular phone network providers, commercial enterprises, government agencies and first-responders.

WR Hambrecht + Co. is acting as the lead manager of the offering.

See also