MediaG3 (MDGC)

[beachsideeddy2]

Except the last time XO tried using their LMDS spectrum they turned no profit. And since profit is the name of the game, profitability trumps all. As stated earlier, for tax loss purposes, corporations keep their losing assets (since they is unsaleable anyway) in order to recoup something from Uncle Sam.

This is XO’s first announcement since their killing of Nextlink last year, the company they had acquired a while back for their LMDS (28-31Ghz) and microwave (39Ghz) spectrum licenses. XO barely managed to make any revenue from it though. So, they quietly disassembled the unit and absorbed the pieces last year.