Three Buys UK Broadband for Spectrum Rights

When does it make sense to spend £250 million (US$310 million)--$2,067 per account--to acquire 15,000 money-losing mobile subscribers? When the acquisition also comes with spectrum rights.

UK Broadband is the UK's largest commercial holder of national radio spectrum suitable for 4G mobile services and fixed wireless solutions.  UK Broadband has rights to use 124 MHz of spectrum in international LTE bands 42 and 43 (3.GHz and 3.6GHz), as well as additional spectrum suitable for high-capacity point-to-point and point-to-multipoint services in the 3.9GHz, 28 GHz and 40 GHz bands.

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