IDT Leases 39 GHz Spectrum To Clearwire

Clearwire in their move to push their huge investment in WiMAX technology forward has signed 3 one year leases for the 39GHz spectrum from IDT Spectrum. Beta tests are already underway in Portland Oregon with a full roll out in that city, as well as 3 other cities (Las Vegas, Grand Rapids, and Atlanta), expected to be complete by sometime in early 2009. Competitor Xohm is expected to do similar launches this year in cities like Baltimore, Chicago, and Washington D.C. so the race is on!

IDT Spectrum had held the licence for 39GHz for sometime and up until recently these spectrum's were not seen to have much value but with this recent WiMAX push it is likely that the spectrum's will now start delivering some value to their owners.

Could this have been the big deal with a telco that Howard Jonas referred to in his conference call addressing the shareholders?

Full Article: Clearwire’s WiMAX Tests: Acquisition of IDT’s Spectrum