|
|
Article: Cyren Call proposes loans to offset gov't shortfall in 700 MHz effort.(News)
- Article from:
- RCR Wireless News
- Article date:
- August 28, 2006
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: HEATHER FORSGREN WEAVER
Cyren Call Communications Inc. believes it can convince Wall Street to pledge at least $5 billion for the U.S. Treasury in an effort to get around congressional opposition to its proposal to set aside 30 megahertz of spectrum in the upper 700 MHz band for a public-safety network that the wireless industry would build and share with first responders.
"If the Public-Safety Broadband Trust became a government-chartered organization, it could get government-backed loans with the spectrum used as collateral to make up the difference of up to half of the expected $10 billion,'' said John Melcher, Cyren Call executive vice ...