WebSky Buys WiMax Firms
WebSky noted that these new agreements are the culmination of a series of previous agreements between the Company and the two companies and replaces a joint venture agreement that had previously been entered into with Infotel.
“WebSky is extremely pleased that WSA has entered into these agreements with these companies with their highly desirable 2.5GHz frequency for the world’s eighth largest metropolitan area,” commented Douglas Haffer, President and CEO of WebSky and WSA.. “We believe that the amount of spectrum to be acquired under these agreements will permit WSA to launch the most robust and efficient WiMAX system in the region,” noted Eduardo Axtle, Vice President for Frequency Acquisitions. Haffer noted that while both 3.5 GHz and 2.5 GHz spectrum, among others, have been certified for WiMAX deployments globally, most analyses of these spectrum bands conclude that the lower 2.5 GHz frequency is significantly more efficient for the deployment of the newest and competitively attractive mobile WiMAX systems.
WebSky Inc. (OTC:PK WKYN)