Clearnet Communications Inc. and Nextel Communications Inc. announce frequency sharing agreement.PICKERING, Ontario--(BUSINESS WIRE)--Feb. 1, 1995--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:NET.A NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLNTF) Clearnet Communications Inc. ("Clearnet") announced Wednesday that it has signed a mutual, exclusive agreement with Nextel Communications Nextel Communications, styled NEXTEL, (Former NASDAQ: NXTL) which is now known as the Sprint Nextel Corporation was a telecommunications firm based in the United States. Known for providing a nation-wide mobile communications system. Inc. of Rutherford, New Jersey Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 18,110. Rutherford was formed as a borough by an Act of the New Jersey Legislature on September 21, 1881, from portions of Union Township, to allow each company to use certain of the other's 800 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. Specialized Mobile Radio See SMR. ("SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on ") frequencies near the U.S./Canada border. The agreement is subject to regulatory approval. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert C. Simmonds, Clearnet's Chairman and Vice President of Regulatory/Technology, "The frequency sharing agreement is a tangible example of the important operating synergies possible as a result of the Clearnet-Nextel strategic relationship". SMR operators such as Nextel and Clearnet have historically operated high-powered analog SMR systems which necessitated an allocation of channels between Canada and the U.S. to avoid interference in border areas. Both Clearnet and Nextel are currently building-out low powered digital networks which significantly reduce potential interference problems, and thereby, allow for frequency sharing arrangements such as this one. Clearnet holds substantial spectrum positions in Canada's largest urban areas, the three largest of which, Toronto, Vancouver and Montreal, are border cities. Nextel holds substantial spectrum positions, either directly or through its previously announced planned acquisitions of Motorola's and OneComm's 800 MHz SMR systems in the border cities of Buffalo, Cleveland, Detroit and Seattle, amongst others. The frequency sharing agreement is a positive development because it provides Clearnet with access to channels previously not available in Canada. Because of the reciprocal nature of the frequency sharing agreement, Clearnet obtains access to these channels for no monetary consideration. These channels will be of particular value in the large metropolitan areas of Toronto and Vancouver, where 800 MHz spectrum is already fully allocated, and therefore, additional channel licenses are otherwise unavailable. As a result, Clearnet gains significant additional capacity for future digital mobile customers in those spectrum congested con·gest·ed adj. Affected with or characterized by congestion. congested ENT adjective Referring to a boggy blood-filled tissue. See Nasal congestion. markets for its planned fully digital mobile communications network. For example, Clearnet's total potential system capacity is estimated to increase by over 30% in Toronto, Canada's largest market and by even greater amounts in other markets such as Vancouver. Channel sharing with Nextel will also assist in smoothing the transition as the Company converts its network from analog to digital. Clearnet's network will integrate any combination of mobile telephone, text messaging or paging, mobile data and group or dispatch calling capabilities into one handset, operating on one network. Clearnet recently commenced building-out Canada's first fully integrated digital wireless network. Clearnet intends to complete full digital coverage of the Windsor through Quebec City corridor by the first quarter 1996, and to follow that up with coverage in Vancouver and lower mainland British Columbia and the Edmonton to Calgary, Alberta corridor. Clearnet is a Canadian controlled company. CONTACT: Clearnet Communications Inc. Robert McFarlane, 905/831-6222 |
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