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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: Steven Bowen who wrote (803)12/31/1997 6:01:00 PM
From: James Fink  Read Replies (1) of 2063
 
The following excerpt from CVUS's November 1997 10-Q reassures me that CVUS does NOT have to pay for its LMDS license in the NY PMSA. This is quite a relief to me, as I remembered that Omnipoint was RETROACTIVELY required to pay for its NY PCS license.

Renewal of NY PMSA Commercial License:

The Company's commercial license was renewed by the FCC on September 23,
1997, for a ten-year term which expires on February 1, 2006. (Note: The ten-year
term commences from the expiration date of the company's prior license term
which expired February 1, 1996.) This confirmed that the Company will not be
required to bid on or pay for the New York PMSA license in the upcoming FCC
auction of LMDS spectrum. The Company's renewed license conforms to the final
LMDS rules adopted by the Commission in the LMDS Second Report and Order. Under
this license, the Company is authorized to offer the full panoply of LMDS
services the technology is expected to offer and may construct transmitters
throughout the New York PMSA without seeking prior FCC approval.

On September 25, 1997, the FCC released a Public Notice announcing a list,
by market area, of those licenses to be auctioned in the nationwide LMDS
auction. This Public Notice reconfirmed that the Company's commercial license
for the New York PMSA will not be included in this auction. Accordingly, the
1,150 MHz "A Block" license that the Commission intends to auction in the New
York BTA will include only the outer portion of the New York BTA not included in
the New York PMSA. In addition, the 150 MHz "B Block" license for the entire New
York BTA will be auctioned as well.
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