Snoqualmie, WA (April 20, 2017) – Edge Spectrum, Inc. (ESI) today announced the acquisition of 196 television station licenses and construction permits that will increase the company’s total discreet coverage to over 106 million persons.
This latest transaction solidly establishes the spectrum requirements for the ESI planned nationwide ATSC 3.0 next generation IP broadcasting network. ESI is leveraging the power of broadcasting to add a multicast extension to the unicast Internet delivering OTT video, IoT downloads and IP streaming content directly to edge devices of all types in both fixed and mobile environments.
“We are teaming with service providers of all types with a new network layer that compliments the business cases of wired and wireless ISPs, content owners and distributors,” says Vern Fotheringham, ESI Chairman and CEO. “By extending the efficiencies of cloud computing to the consumer edge of the network, we are essentially creating ‘millions of micro data centers’ featuring unprecedented reductions in the cost of mobile data delivery of digital media of all types.”
The ESI architecture leverages the efficiencies of broadcasting with dramatic advances in capacity and cost reductions of digital storage. This will effectively lower costs for operators, consumers and solve future shortages of spectrum bandwidth.
Stations acquired include properties from EICB-TV EAST, LLC; EICB-TV WEST, LLC; EICB-TV, LLC; EICB-TV NET, LLC and Grace Worship Center, Inc., dba IBN. The purchase price was $72,000,000.
About Edge Spectrum, Inc.
ESI has acquired 283 TV station licenses and construction permits that cover approximately one third of the U.S. population. ESI is actively expanding coverage to create the largest independent next generation ATSC 3.0 hybrid broadcast-data delivery network providing an autonomous network for broadcasters and broadband Internet content distributors seeking to rapidly reach the growing market for cross platform delivery of video and Internet content. Further information is available on the company’s web site at: www.edgespectrum.com.
EDITOR’S NOTE: After this announcement, EICB and IBN received numerous calls especially about their programming. According to ESI officials, current IBN programming from the new IBN Television Network Channel will continue on the channels.