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A license in California that Clearwire claims to have a signed contract for has jumped in value from $1.8 to $18m dollars: Clearwire is suing the Peralta Community College District because Clearwire alleges the district has broken a contract signed a few months. The district alleges that a side agreement was required and never provided, and thus it’s free to shop around. Tricia Duryee of The Seattle Times reports that an attorney representing the district said they “understood” that the value was now $18m. This is the only license Clearwire acquired in the San Francisco Bay Area in the 2.5 GHz range in which it intends to roll out its broadband wireless service.
The judge in the case signed a preliminary injunction preventing Peralta from negotiating with other parties (Sprint Nextel? BellSouth? None of the above?). The case could get underway before the end of the year. Given the sums at stake, I wonder if Clearwire and Peralta will forego the millions in legal fees and simply agree on a higher value for the license?
Posted by Glennf at July 19, 2006 3:10 PM
Categories: 2.5 GHz