FCC Approves IDT Spectrum for WiMax Operations along Gulf Coast and in Colorado
18 March 2009 - 11:30PM
Business Wire
IDT Spectrum said today that the FCC has authorized it to
operate forty six (46) WiMAX base stations in the 3.65 GHz band.
IDT Corporation (NYSE: IDT; IDT.C), IDT Spectrum�s parent company,
is a telecommunications and energy holding company engaged, through
an affiliated company, in an oil shale research and development
project in Western Colorado.
The authorization affords IDT Spectrum the opportunity to
provide WiMAX services in Texas, Louisiana and Colorado within an
area that contains approximately 350 oil rigs.
Michael Rapaport, CEO of IDT Spectrum, said that WiMAX services
could help headquarters and regional offices of oil and gas
exploration and services firms to forge cost effective, virtual
connections with their rigs and platforms in the field.
�Real-time streaming of well head data, VoIP, fax services,
video surveillance and other types of information from the rigs and
platforms could be transferred over a WiMAX network to onshore
technical teams that can monitor and analyze data from multiple
platforms simultaneously,� said Rapaport. �In the Gulf and on the
mainland, enhanced communications between the on-site crew and
off-site technicians are a key productivity driver.�
Jim Courter, CEO of IDT Corp, said that IDT was examining ways
to leverage its communications expertise to service the oil and gas
industry. �IDT continues to explore synergies between our
telecommunications and energy businesses, including our oil shale
venture in Western Colorado.�
About IDT Spectrum:
IDT Spectrum holds over 1,250 FCC licenses of fixed wireless
spectrum. These include 39 GHz licenses covering every USA City, a
28 GHz licenses covering selected USA cities, and a nationwide 3.65
GHz license. IDT Spectrum leases spectrum for point-to-point links,
point-to-multipoint paths and also leases big geographic areas of
spectrum. Please visit our website at www.idtspectrum.com
About IDT Corporation:
IDT Corporation (www.idt.net) is a multinational holding company
focused on the telecommunications and energy industries. IDT
Corporation's Class B Common Stock and Common Stock trade on the
New York Stock Exchange under the ticker symbols IDT and IDT.C,
respectively.
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those with the
words "believe,� "anticipate,� "expect,� "plan,� "intend,�
"estimate,� "target� and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All forward-looking statements and risk factors
included in this document are made as of the date hereof, based on
information available to IDT as of the date thereof, and IDT
assumes no obligation to update any forward-looking statements or
risk factors.
I D T (NYSE:IDT.C)
Historical Stock Chart
From Aug 2024 to Sep 2024
I D T (NYSE:IDT.C)
Historical Stock Chart
From Sep 2023 to Sep 2024