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PDVW > SEC Filings for PDVW > Form 8-K on 18-Oct-2016All Recent SEC Filings

Show all filings for PDVWIRELESS, INC.



Other Events

Item 8.01 Other Events.

On October 17, 2016, pdvWireless, Inc., a Delaware corporation (the "Company"), received written notice from the Contracting Officer of the U.S. Department of the Interior that its proposal for the First Responder Network Authority ("FirstNet") Nationwide Public Safety Broadband Network (the "NPSBN") is no longer being considered for the award.

As previously announced, the Company was competing with a number of other bidders for the FirstNet award, including groups that had significantly more resources than the Company. The Company, however, determined that participating in the FirstNet bidding process was in the best interests of its stockholders because of a number of potential benefits to the Company, regardless of the outcome. These benefits include the ability to directly utilize the business, technical and other information developed for the FirstNet proposal in planning and preparing for the broadband facilities the Company plans to deploy, building valuable relationships with the wireless and technology companies who participated in the Company's FirstNet consortium, and raising the Company's profile within the wireless industry and the technology community.

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