FiberTower Lists 24 GHz and 39 GHz Microwave Spectrum with Comsearch
SAN FRANCISCO, Feb. 8, 2011 /PRNewswire/ -- FiberTower Corporation (Nasdaq: FTWR), a wireless backhaul services provider, has listed for leasing its 24 GHz and 39 GHz portfolios of nationwide wide area millimeter-wave (microwave) spectrum with Comsearch, a CommScope company and one of the nation's leading spectrum management firms.
FiberTower's portfolio of market-based 24 GHz and 39 GHz licenses is ideal for high-capacity broadband backhaul and transport. These spectrum licenses extend to over 99% of the United States, delivering the coverage, capacity and quality that carriers, enterprises and government agencies need to handle rapidly rising broadband data demand from their clients.
"Increasing demand for broadband in both urban and rural markets drives the need for easily accessible backhaul and transport solutions that our spectrum delivers," stated Joseph Sandri, senior vice president, regulatory and government affairs of FiberTower. "In addition, our recently announced development of 1 gigabit-per-second radios for our 24 GHz band further increases the value of our spectrum offering to Comsearch and to leasing customers looking to satisfy high-capacity broadband demands quickly and effectively. We believe marketing licenses through Comsearch is an efficient way to both utilize our valuable nationwide spectrum assets and leverage our extensive microwave capabilities to leasing customers."
"The FiberTower assets provide a flexible solution for large and small fixed wireless spectrum users whose only previous alternative was the FCC licensing process," said Christopher Hardy, vice president, Comsearch. "By offering carriers, businesses and government agencies the ability to operate their own high bandwidth wireless backhaul and point-to-point networks, FiberTower enables users to easily employ wide-area licenses that increase bandwidth and reliability, while reducing overall network operating expense."
To request a detailed map and information for the FiberTower spectrum listings, please visit http://www.comsearch.com/spectrumleasing. Spectrum holders or seekers who want to learn more about leveraging the Comsearch tools to lease these spectrum assets can contact Comsearch's Director for Fixed Wireless, Joseph Marzin, at (703) 726-5642.
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class fiber and microwave networks in 13 major markets and master service agreements with nine U.S. wireless carriers, FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at www.fibertower.com.
Forward Looking Statements
This news release includes "forward-looking" statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, or SEC, in its rules, regulations and releases. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including statements regarding, among other things, our financial and business prospects, anticipated customer growth, and expansion plans. There are many risks, uncertainties and other factors that can prevent the achievement of goals or cause results to differ materially from those expressed or implied by these forward-looking statements including, among other things, those risk factors described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.
SOURCE FiberTower Corporation
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