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 Nucentrix (NCNX) acquires MMDS wireless spectrum

 

   *  Amount:         $12 million

 

   *  Terms:            $5.6 million stock/$6 million cash
 

   *  Premium:        n/a

 

   *  Industry:        Speed/Bandwidth

 

   *  Scorecard:      B+

 


    PLANO, Texas, June 1--Nucentrix Broadband Networks , a provider of broadband wireless services in medium and small markets, announced that it has signed a definitive agreement to purchase Multichannel Multipoint Distribution Service broadband wireless spectrum in the greater Rockford, Illinois area. Through the announced acquisition, Nucentrix will acquire the rights to 33 channels, or 196 MHz, of MMDS spectrum in a service area that includes over 250,000 households. Nucentrix has agreed to pay $6 million for the spectrum, including $5.6 million in common stock of Nucentrix and up to $400,000 in assumption of debt payable to the Federal Communications Commission. The acquisition will increase the number of estimated households in Nucentrix's service areas to over 9.1 million.