Replies to post #44078 on MediaG3 (MDGC)

[negativegeforce]

There ARE bids on IDT's LMDS licenses. The details of the bids are not released. It looks like the licenses WERE worthless because they were going to expire October 2010. IDT put in the effort renew the licenses to 2020/2018/2016. WHY WOULD IDT PUT IN THE EFFORT TO RENEW LICENSES FOR WORTHLESS TECHNOLOGY?????

As of October 14, 2010, IDT Spectrum had renewed 633 of its 39 GHz licenses, which established a new expiration date of October 2020

IDT Spectrum also holds 16 LMDS FCC licenses which expire on August 10, 2018 (except for the New York LMDS license which expires on February 1, 2016)

The Company’s decision to auction the spectrum licenses at this time reflects a number of factors:

- We received expressions of interest in the portfolio.
- The licenses could play an important role in the efforts by Tier 1 and Tier 2 wireless carriers and their suppliers to upgrade networks to accommodate the proliferation of bandwidth intensive mobile devices and applications.

Source: IDT's financial statements.