BendBroadband sells spectrum
BendBroadband has sold to AT&T the spectrum it used to provide LTE-based wireless broadband and phone service, which the Bend company plans to curtail in July, a BendBroadband executive said Monday.
Britt Wehrman, vice president of marketing, said the decision affects about 1,700 customers in areas outside the company’s cable service area. Wehrman said BendBroadband found itself alone in a sector where it expected other cable system operators to join in and lessen the cost to provide LTE-based service.
“This is simply a BendBroadband decision based on where we are in the current place in time and the resources available to us,” Wehrman said. “We decided to focus on the core business.”
AT&T acquired two licenses in the AWS band and one license in the 700 MHz B band from Bend, according to an email from company spokesman Andy Colley. The Federal Communications Commission has approved the sale, according to BendBroadband.
BendBroadband recently provided a list of other service providers to its wireless customers, Wehrman said. The company deployed an HSPA+ wireless network in 2009 followed by LTE in 2011.
The LTE wireless service will end no later than July 25, according to BendBroadband. The company will not buy back the routers that customers purchased for the service, the company announced. LTE customers may exit their contracts without penalty, according to the company.
TriQuint to merge with RF Micro
Chip maker RF Micro Devices Inc. and Hillsboro-based TriQuint Semiconductor Inc. are combining in an all-stock deal valued at about $1.56 billion.
The deal announced Monday represents an implied price of $9.73 for each TriQuint share. This is a 5 percent premium to the company’s Friday closing price of $9.23.
The two companies said that the combination will create new growth opportunities in the mobile devices, network infrastructure and aerospace/defense markets. They added that the deal will also help create mobile devices with dramatically higher capabilities to handle data.
The shareholders of each company will own about 50 percent of the shares in the new company.
— Staff and wire reports