CT Communications Announces Sale of Spectrum Assets
April 05 2006 - 6:30PM
PR Newswire (US)
CONCORD, N.C., April 5 /PRNewswire-FirstCall/ -- CT Communications,
Inc. (NASDAQ:CTCI) announced today that it has completed the sale
of its rights in certain wireless broadband spectrum assets to
Fixed Wireless Holdings, LLC, an affiliate of Clearwire Corporation
(Clearwire). The spectrum assets sold are in the Broadband Radio
Service (BRS) band, which is commercial wireless spectrum, and the
Educational Broadband Service (EBS) band, which is primarily
licensed to educational institutions. Under the terms of the
previously announced purchase agreement, CT Communications will
retain resale rights as Clearwire deploys wireless broadband
services within the markets covered by these licenses. CT
Communications, Inc. is headquartered in Concord, N.C. and is a
growing provider of integrated telecommunications and related
services to residential and business customers located primarily in
North Carolina. CT Communications, Inc. offers a comprehensive
package of telecommunications and related services, including
broadband high-speed Internet services, wireless voice and data,
local and long distance telephone services. DATASOURCE: CT
Communications, Inc. CONTACT: Jim Hausman, +1-704-722-2410, or
Duane Johnson, +1-704-722-3231, both of CT Communications, Inc. Web
site: http://www.ctc.net/
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