Puerto Rico Cellular Telephone Spectrum Auction

Pinehurst, North Carolina, November 18, 2015 (Newswire.com) - Preferred Communication Systems, Inc. and North Sight Communications, Inc., have agreed to sell their Puerto Rico and the U.S. Virgin Islands 800 MHz spectrum in an open public auction scheduled to begin December 1, 2015. The two companies hold 9.15 MHz of cellular Band 26 spectrum on the Islands. 

Walters & Associates, Inc. will conduct the auction for the two companies. The spectrum offered would increase the 800 MHz holding of the A or B Block cellular licensees by 36%. It also constitutes 65% of the available cellular Band 26 800 MHz spectrum in the Puerto Rico market. The remainder is held by Sprint. 

The auction will be a reverse auction patterned after the 2016 FCC 600 MHz incentive auction. As each round of the auction progresses, the offering price will be reduced incrementally until a winning bid is received for the spectrum. The opening bid price for the 800 MHz auction is set at the same level the FCC will use for Puerto Rico   spectrum in the 2016 600 MHz incentive auction.     For more information, contact Charles E. Walters of Walters & Associates, Inc. at (301)320-0628 or [email protected]