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Being a former chairman of the Federal Communications Commission has two advantages – it can help you raise big money from big names, and it gets you a lot of press. Reed Hundt is a perfect example. Hundt is getting a lot of attention these days […]

Being a former chairman of the Federal Communications Commission has two advantages – it can help you raise big money from big names, and it gets you a lot of press. Reed Hundt is a perfect example.

Hundt is getting a lot of attention these days for co-founding Frontline Wireless, a company that plans to bid on the 700 MHz spectrum that is going to be freed up when analog television meets its maker. The spectrum, as we have reported previously, is going up for auction soon. Hundt’s Frontline wants a piece of that. John Doerr, Jim Barksdale and Ram Shriram, well known for his early bet on Google — are some of the backers of Hundt.

But the big names are no guarantee of success. Last time Hundt tested the entrepreneurial waters, it was during the optical bubble, when he co-founded Sigma Networks. To jog your collective memories, it was a metro optical services provider that raised $155 million, and then promptly went belly-up in January 2002. I wonder why there is no mention of Sigma on his bio on the Frontline website! Lets hope Frontline has better luck!

  1. [...] our telecom analyst pals at Stifel, Nicolaus. According to the reports, the startup, which counted former FCC chairman Reed Hundt and VC John Doerr among its backers, apparently couldn’t raise enough money for the deposit [...]

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  2. [...] D Block Spectrum: Yesterday the FCC said it would re-auction the 700MHz D Block spectrum. The license winners must ensure 40 percent regional coverage within four years of the license being awarded, 75 percent coverage after 10 years and over 90 percent after 15 years. After the last effort to use this spectrum failed because of its high reserve price of $1.3 billion, the FCC has cut the minimum bid for the spectrum to $750 million. Someone call Reed Hundt. [...]

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  3. [...] wireless industry. He’s also known in geekier circles for his entrepreneurial endeavors like co-founding Frontline Wireless, a company that once had a plan to bid on freed up spectrum from analog TVs, and co-founding [...]

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