Federal Communications Commission

NextNav To Acquire Additional Lower 900 MHz Band Spectrum Licenses

Retrieved on: 
Monday, March 11, 2024

MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation. NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock. The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.

Key Points: 
  • MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation.
  • NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock.
  • The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.
  • “We are excited to add additional spectrum licenses to our portfolio and following the close of this significant transaction, NextNav’s combined assets will total 3.5 billion MHz-PoPs of low band spectrum,” stated NextNav CEO Mariam Sorond.

Digital Locations Welcomes the FCC to the Satellite to Mobile Party

Retrieved on: 
Tuesday, March 5, 2024

SANTA BARBARA, CA, March 05, 2024 (GLOBE NEWSWIRE) -- Digital Locations, Inc. (OTCMKTS:DLOC), the developer of Satenna™, a breakthrough technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced its endorsement of the Federal Communications Commission (FCC) proposal to regulate supplemental Internet coverage from space.

Key Points: 
  • “Welcome to the party,” said Rich Berliner, CEO of Digital Locations.
  • “The FCC has finally taken notice of the groundwork laid by space communications pioneers, such as Elon Musk’s Starlink, Jeff Bezos’ Project Kuiper, Globalstar and Digital Locations.
  • We endorse the recent FCC proposal to regulate supplemental Internet coverage from space.”
    The FCC finally has its eyes set on space and satellite communications.
  • With an upcoming vote, the FCC will begin to lay the groundwork for needed rules and regulations for the growing satellite Internet business.

INNOVATE Corp. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE) announced today its consolidated results for the fourth quarter and full year. Financial Summary

Key Points: 
  • “2023 was another successful year for INNOVATE, with a number of exciting developments across the three operating segments,” said Avie Glazer, Chairman of INNOVATE.
  • For the fourth quarter of 2023, Broadcasting reported revenue of $5.7 million, compared to $10.7 million in the prior year quarter.
  • For the fourth quarter of 2023, Broadcasting reported a Net Loss of $5.4 million compared to $2.8 million in the prior year quarter.
  • Revenue: For the fourth quarter of 2023, INNOVATE's consolidated revenue was $361.0 million, a decrease of 11.8%, compared to $409.3 million for the prior year quarter.

Verizon Innovative Learning reaches 7 million students nationwide to tackle digital divide

Retrieved on: 
Monday, March 4, 2024

BASKING RIDGE, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Today, Verizon announced that Verizon Innovative Learning , the company’s award-winning education initiative focused on supporting digital equity and inclusion for students nationwide, has reached seven million students with digital skills training.

Key Points: 
  • BASKING RIDGE, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Today, Verizon announced that Verizon Innovative Learning , the company’s award-winning education initiative focused on supporting digital equity and inclusion for students nationwide, has reached seven million students with digital skills training.
  • That’s why, over a decade ago, Verizon Innovative Learning was launched to address barriers to digital inclusion in Title I schools.
  • “For over 11 years, it has been our commitment to ensure students are provided equal access to digital technology and next-gen tools.
  • In addition to supporting Title I schools across the U.S. with access to technology and innovative learning programs, Verizon also provides educators nationwide with access to tools to help bring new ways of learning into their classrooms through Verizon Innovative Learning HQ .

Federated Wireless Announces Commercial Launch of Its Automated Frequency Coordinator (AFC) following FCC Certification

Retrieved on: 
Friday, February 23, 2024

“Cisco has led initiatives across wireless standards bodies, industry forums, and regulatory authorities to define standards for automated frequency coordination.

Key Points: 
  • “Cisco has led initiatives across wireless standards bodies, industry forums, and regulatory authorities to define standards for automated frequency coordination.
  • In November 2022, the FCC conditionally approved Federated Wireless to be an authorized AFC system operator for the United States.
  • In August 2023, the Federated Wireless AFC entered the final phase of the certification process for full commercial use.
  • Federated Wireless is ready to support commercial operations in the 6 GHz band, furthering its commitment to innovation in the wireless industry.

GeoLinks’ Co-Founder and CEO Skyler Ditchfield Appointed to FCC’s Technological Advisory Council

Retrieved on: 
Wednesday, March 6, 2024

On February 26, the Federal Communications Commission (FCC) appointed Skyler Ditchfield, Co-Founder and CEO of GeoLinks , to serve on the Technological Advisory Council (TAC).

Key Points: 
  • On February 26, the Federal Communications Commission (FCC) appointed Skyler Ditchfield, Co-Founder and CEO of GeoLinks , to serve on the Technological Advisory Council (TAC).
  • Organized under the authority of the Federal Advisory Committee Act , the TAC provides technical advice to the FCC, identifies important areas of innovation, and develops informed technology policies supporting America’s competitiveness and job creation in the global economy.
  • With past appointments to the FCC’s Broadband Deployment Advisory Committee, Ditchfield’s new role is anticipated to influence positive advancements within telecommunications.
  • I look forward to addressing the technical challenges and opportunities that lie ahead to make this a reality.”
    As CEO of one of the fastest-growing companies in the United States, Ditchfield brings invaluable knowledge and experience to the TAC.

LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.
  • Regulated revenues were $11.5 million in the fourth quarter of 2023, a decline of $0.6 million versus the prior year’s fourth quarter of $12.1 million.
  • Regulated EBITDA in the fourth quarter of 2023 was $3.9 million compared to $5.1 million during the same period last year.
  • CAPITAL EXPENDITURES – For the fourth quarter of 2023, capital expenditures were $7.5 million versus $12.0 million in the fourth quarter of 2022.

National Diversity Coalition CEO Faith Bautista Appointed as Member of FCC Consumer Advisory Committee

Retrieved on: 
Tuesday, March 5, 2024

The National Diversity Coalition is pleased to announce that its CEO, Faith Bautista, has been appointed as a member of the Federal Communications Commission's (FCC) Consumer Advisory Committee (CAC) for the year 2024.

Key Points: 
  • The National Diversity Coalition is pleased to announce that its CEO, Faith Bautista, has been appointed as a member of the Federal Communications Commission's (FCC) Consumer Advisory Committee (CAC) for the year 2024.
  • In her capacity on the CAC, Faith Bautista will play an integral role in advising the FCC on matters pertinent to modern communications services and ensuring equitable access for all Americans.
  • "The appointment of Faith Bautista to the FCC's Consumer Advisory Committee underscores the FCC’s commitment to diversity, equity, and inclusion in the telecommunications sector," said Andre Chapple, Chairman of the Board of the National Diversity Coalition.
  • Faith Bautista expressed her gratitude for the opportunity to serve on the CAC, stating, "I am honored to join the FCC's Consumer Advisory Committee and contribute to the advancement of consumer-focused policies.

Lookout Discovers Advanced Phishing Kit Targeting U.S. Federal Agency and Cryptocurrency Exchange Organizations

Retrieved on: 
Thursday, February 29, 2024

Lookout , Inc., the data-centric cloud security company, today announced the discovery of an advanced phishing kit, CryptoChameleon , which exhibits tactics that target cryptocurrency platforms as well as the Federal Communications Commission (FCC) via mobile devices.

Key Points: 
  • Lookout , Inc., the data-centric cloud security company, today announced the discovery of an advanced phishing kit, CryptoChameleon , which exhibits tactics that target cryptocurrency platforms as well as the Federal Communications Commission (FCC) via mobile devices.
  • This new phishing kit emulates techniques that have been used by the Scattered Spider cybercriminal group.
  • Based on the phishing site characteristics, Lookout researchers have identified over 250 phishing sites using this kit with more being found every day.
  • Since initially discovering the phishing kit, Lookout has seen evidence that hundreds of victims have been impacted by the attack.

ioXt Applauds FCC's Commitment to IoT Security Standards

Retrieved on: 
Friday, February 23, 2024

ioXt, the global standard for IoT security, commends the Federal Communications Commission (FCC) for its diligent work and commitment to advancing IoT security standards.

Key Points: 
  • ioXt, the global standard for IoT security, commends the Federal Communications Commission (FCC) for its diligent work and commitment to advancing IoT security standards.
  • "We commend the FCC and Chair Rosenworcel for their commitment to IoT security," said Grace Burkard, Director of Operations at ioXt.
  • "These policy wins reflect a shared dedication to advancing IoT security standards and ensuring the protection of consumers and businesses alike."
  • ioXt looks forward to continuing its work with the FCC and other stakeholders to further enhance IoT security standards and promote a safer digital environment.