Welcome to Gaia! :: View User's Journal | Gaia Journals

 
 

View User's Journal

Report This Entry Subscribe to this Journal
jackson1940 Journal jackson1940 Personal Journal


jackson1940
Community Member
avatar
0 comments
PDV Raises $218M, Will Launch 2-Way Radio Network
Pacific DataVision Inc. said on Tuesday that part of the $218 million in equity funding it recently raised will go toward the purchase of Sprint Corp.'s spectrum licenses, as PDV works to launch a two-way radio network for businesses.

PDV, which is run by the co-founders of Nextel Communications Inc., said it has agreed to buy all six of Sprint's 900-megahertz spectrum licenses. According to a Tuesday press release from PDV, upon the completion of the deal with Sprint, it will focus on developing a walkie-talkie-style service for small and medium-size businesses.

The Paterson, New Jersey-headquartered company said it has already received approval for the service — which will be offered primarily through http://www.law360.com/companies/motorola-solutions-inc




 
 
Manage Your Items
Other Stuff
Get GCash
Offers
Get Items
More Items
Where Everyone Hangs Out
Other Community Areas
Virtual Spaces
Fun Stuff
Gaia's Games
Play with GCash
Play with Platinum

Customize your own avatar now!

Join Now

Have an account? Login Now!