Frontline Wireless shuts down, leaves bidding to the big boys
Frontline Wireless, the company started by former Federal Communications Commission Chairman Reed Hundt to offer new wireless telecommunications service after bidding on a pending wireless spectrum auction, has shut down after failing to raise enough money.
Frontline raised the $128 million needed for an initial downpayment required for the FCC auction. But it failed to raise $1.3 billion necessary for the FCC’s “reserve price” for the spectrum, according to the WSJ.
The auction of the valuable 700-megahertz… Continue Reading
Roundup: Frontline, Breitbart, Maxthon, Clipsearch, Yahoo-Viacom, Salesforce-Koral
Here’s the latest action:
Big names support Frontline Wireless, which wants to end-run carriers — James Barksdale, former chief executive of Netscape (left, top), and John Doerr, a big-name venture capitalist with Kleiner Perkins (left, bottom), are the latest to back Frontline Wireless, the company we wrote about last month, which wants to bid for radio spectrum dedicated for public safety but which can also be used for profitable wireless offerings.
The long-wave spectrum will support wireless… Continue Reading