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i700 Acquires 700MHz Spectrum
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April 2008
i700 has successfully acquired 700MHz frequency for 2 million PoPs in eight markets in the Midwest. i700 consists of four Illinois independent telephone companies and a Chicago based private equity firm. The entities owners have extensive experience in the ownership and operation of various telecom assets, including local telephone exchanges, regional fiber optic transport routes, local cable TV systems, and regional wireless businesses, among others.
i700 is the 17th largest holder of A & B block 700MHz spectrum from FCC auction 73. Its holdings consist of eight markets in a nearly contiguous footprint in eastern Illinois, Western Indiana, and Northwestern Kentucky, including the cities of Champaign, Terra Haute, Evansville and Paducah.
i700 will rely on its owners successful telecommunications, operations and investment experience to maximize the value of its spectrum. It hopes to gain spectrum in other contiguous markets either through outright purchase, collaborative partnerships or merger to create a seamless footprint of mobile voice, video and data telecommunications to the residents and businesses in its territory.
August 2010
Technology Group, LLC acquired the B Block of 700 MHz spectrum from its i700 partners. This acquisition continues Technology Group's pursuit into the wireless communication's business in the Midwest marketplace. Many of these markets have under-served or un-served areas thus providing growth opportunity for fixed and mobile broadband services that can be deployed ubiquitously with voice and entertainment applications.
i700 will continue to rely on its owner's successful telecommunications, operations and investment knowledge to develop their respective market areas. The company's desire to gain additional synergies in contiguous markets through outright purchases, collaborative partnerships or mergers, is our diligent focus in the creation of a sustainable footprint of mobile voice, video and data communications services. Converged with our current terrestrial landline services and robust fiber data backbone, our commitment is to expand our service offerings to meet the needs of anchor institutions, consumers and commercial customers located throughout our existing operations and newly acquired licensed territories.
Contact:
i700
21668 Double Arch Rc.
Staunton, IL 62088
(618) 635-5000
jddavis@madisontelco.com |
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