Case Study: Wireless Telephone Provider

Representation of small angel-backed PCS telephone company which bid successfully at the Federal Communications Commission (FCC) C-Block auction for nine wireless telephone licenses covering large coverage territories in North Carolina, South Carolina and Georgia. The company’s subsequent difficulty in securing private investment capital led to a forced surrender of the nine FCC licenses when the company was unable to meet the FCC’s build-out schedule. Working closely with the FCC Chairman and staff as well as Members of Congress on key committees of FCC oversight, we initiated oversight hearings in the House Energy & Commerce Committee which ultimately led the FCC to return our client’s C Block licenses. The company subsequently resold the licenses to three larger regional wireless telephone companies, providing a return on investment of over 300% to the company’s private investors.