First Avenue Networks to Acquire Teligent Assets

First Avenue Networks agreed to acquire Teligent’s 24 GHz spectrum licenses, fixed wireless broadband operations and radio assets in a stock transaction valued at approximately $99 million. Following the acquisition, First Avenue will hold over 700 MHz of spectrum at 24 GHz and 39 GHz in the top 75 U.S. markets. http://www.firstavenet.com/