LA-RICS Board Clears $12 Million AT&T LTE Deal After Rivada Says It Offered $25 Million
Rivada plans to send an unsolicited $25 million bid Friday to the Los Angeles Regional Interoperable Communications System (LA-RICS) for its LTE assets, a Rivada spokesman said Thursday. The LA-RICS board voted Thursday to authorize its chairman to execute AT&T’s…
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$12 million asset transfer agreement. Rivada previously sent its $25 million offer for the same LTE assets to California as part of the state's request-for-proposal process seeking alternative radio-access-network plans. Wednesday, Rivada urged LA-RICS to consider its offer side-by-side with AT&T’s, but LA-RICS Administrative Chief Susy Orellana-Curtiss told us Thursday the Los Angeles agency never had access to the Rivada offer submitted to the state. “LA-RICS does not have access to that proposal nor does it hold an evaluation role in the bid process,” so it doesn’t know the details of Rivada’s offer, she said. Rivada didn’t know the extent of the LA-RICS boards’ access to the offer, so it publicized the information and is preparing an unsolicited asset-transfer agreement for LA-RICS’ consideration, a Rivada spokesman responded. Orellana-Curtiss said, “We would consider what our options are once we are informed of the State’s decision.” California is undecided about opt-out and the deadline for states to decide is Dec. 28 (see 1712130054).