Tuesday, November 20, 2007

FCC names PSST as national licensee
MRT (subscription) - Chicago,IL,USA
As has been anticipated for months, the FCC yesterday officially named the Public Safety Spectrum Trust (PSST) as the public-safety broadband licensee for ...

… being named officially as the licensee could help the organization finalize its financing for the next year. PSST agent/advisor Cyren Call Communications is in the process of securing a loan to pay for the PSST’s operations until a network-sharing agreement is signed with the D Block winner, McEwen said. Until such a deal is reached, the PSST has no revenue stream, so the organization needs to borrow money to pay for its operations in the interim.

McEwen said the fact that the PSST is now officially the licensee may be helpful to a financial institution backing a loan….

 

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