N77 Holdings Seeks OK to Exceed Foreign-Ownership Cap
N77 Holdings, which holds the N77 spectrum band license in the U.S., is asking the FCC to sign off on the company's indirect foreign ownership over 25%. In a petition Tuesday, N77 said the ownership changes are due to investment…
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by Columbia Capital-managed investment vehicles. The new investors, including those investing in the Columbia vehicles, will exceed the 25% benchmark in the aggregate, N77 said. The additional capital will support its plans for deployment or potential sale of its licensed spectrum, the company added.