One of the Debtors’ most significant assets is their ownership of a national
spectrum portfolio of 24 GHz and 39 GHz wide-area spectrum licenses, including over 740 MHz
in the top twenty (20) U.S. metropolitan areas and, in the aggregate, approximately 1.72 billion
channel pops (calculated as the number of channels in a given area multiplied by the population,
as measured in the 2010 census, covered by these channels) (collectively, the “Licenses” or the
“Spectrum Portfolio”). The Debtors believe that the Spectrum Portfolio represents one of the
largest and most comprehensive aggregations of millimeter wave spectrum in the U.S., covering
areas with a total population of over 300 million.
