Rivada Networks offers USD 25m for LA-RICS LTE assets

Rivada Networks is offering USD 25 million to acquire the LTE assets of the Los Angeles Regional Interoperable Communications System (LA-RICS)–more than double the USD 12 million offered by rival AT&T, the company said.

Rivada Networks has already offered USD 25 million to acquire the same assets–more than twice the cash value of the AT&T bid.

Rivada Networks is a designer, integrator and operator of wireless, interoperable communications networks. Its patented technology creates more efficient utilization of LTE networks, enabling both mission-critical-reliability for First Responders and new business models for commercial wireless services (i.e., wholesale, machine-to-machine, Internet of Things, etc.). Rivada has formed a consortium of companies to build and operate networks in the US and abroad.