pdvWireless Out of Running for FirstNet Contract Award
pdvWireless, Inc., said today that it has been informed that it is no longer in the running for the contract from the First Responder Network Authority (FirstNet) to build and maintain a nationwide public safety broadband network.
In a filing with the Securities and Exchange Commission, the company said that it received written notice yesterday from FirstNet’s contracting officer at the Interior Department that the bid it submitted to FirstNet on behalf of a consortium “is no longer being considered for the award.”
The company reiterated in its filing that it “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.”
pdvWireless Chief Financial Officer Tim Gray declined to provide further comment on the company’s reaction to the development. “We’re a public company and people know we had bid, so we felt it was our duty to get the word out that we had received the notice from the contracting office,” Mr. Gray said told TRDaily this afternoon.
