I think this is stemming from a WSJ article. There is a certain company tries to get individuals to purchase these spectrum frequencies. As individuals pretending to be small businesses they get the spectrums for a couple of million dollars rather than hundreds of millions. Large companies like Sprint, Verizon would pay large prices at the auction to be able to get the spectrums.
The company will let the individual "borrow" the money to purchase the spectrums, then after a short period, the individual will then sell the spectrums back to the company. The individuals will earn a couple hundreds of thousands of dollars, while the company will have the rights to hundred of millions of air wave spectrum.
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I think this is stemming from a WSJ article. There is a certain company tries to get individuals to purchase these spectrum frequencies. As individuals pretending to be small businesses they get the spectrums for a couple of million dollars rather than hundreds of millions. Large companies like Sprint, Verizon would pay large prices at the auction to be able to get the spectrums.
The company will let the individual "borrow" the money to purchase the spectrums, then after a short period, the individual will then sell the spectrums back to the company. The individuals will earn a couple hundreds of thousands of dollars, while the company will have the rights to hundred of millions of air wave spectrum.