Triad 700, LLC

Description

Triad Cellular Corporation Triad Cellular Corporation was formed in 1992 to acquire, develop and operate rural cellular telephone systems. From 1992 to 1997, the Company acquired 850 MHz A-band cellular licenses, constructed cellular systems and developed cellular operations in markets covering portions of rural Texas, Oklahoma, Utah and Minnesota. Operating under the Cellular One brand name, Triad built networks, opened sales offices, developed direct and indirect distribution channels, and established operations from scratch in the majority of these markets. Triad's completed network covered 1 million people across 100,000 square miles, and provided superior quality wireless service to previously underserved communities and highway corridors. In October 1997, Triad Cellular was acquired by Western Wireless Corporation in a cash and stock transaction. Western Wireless was subsequently acquired by AllTel Corporation, which was in turn acquired by Verizon Wireless. Triad Cellular Corporation was also active in a number of FCC wireless spectrum auctions. It participated directly in Auction 5 – the PCS C Block Auction, Auction 11 – the PCS D/E/F Block Auction, Auction 12 – the Cellular Unserved Auction, and Auction 14 – the WCS Auction. Through these auctions, Triad acquired 23 licenses covering 66 million people. Following the auctions, Triad worked to utilize the licenses to bring new and competitive wireless services to its coverage areas. The PCS licenses were acquired to compliment Triad's existing cellular footprint by bolstering spectrum depth and allowing expansion of competitive services into adjacent urban cities. Similarly, spectrum acquired in the Cellular Unserved auction was utilized to expand the 850 MHz cellular footprint to previously unserved communities. Licenses acquired in the WCS Auction were initially positioned for deployment as part of the initial launch of Satellite Radio service (WCS spectrum is contiguous with Satellite Radio spectrum). However, prior to deployment, AT&T acquired Triad's WCS licenses. Triad Cellular Corporation is controlled by Barry Lewis and Craig Viehweg. M/C Venture Partners was the sole venture capital investor. Return to top .............................................................. 3G PCS, LLC 3G PCS, LLC was formed to participate in FCC Auction 35 – the C&F Block PCS Re-Auction. This auction offered 422 BTA licenses in the C and F blocks which were either returned to, or reclaimed by, the FCC as a result of defaults on installment payment obligations in previous auctions (the vast majority of licenses were reclaimed from NextWave). The auction commenced December 12, 2000 and concluded on January 26, 2001 after 101 rounds. Net auction proceeds totaled $16.9 billion, or $4.18 per MHz pop. Although auction pricing quickly exceeded 3G's pre-established pricing thresholds, 3G did purchase three licenses covering 364,000 pops for $1.27 million, or $0.35 per MHz pop. Subsequent to the conclusion of the auction, NextWave prevailed in its lawsuit against the FCC, forcing most of the licenses offered in this auction to be returned to NextWave.

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