Rivada Offers $25M for LA-RICS LTE Assets
Thursday, December 14, 2017 | Comments

Rivada Networks last week offered $25 million to acquire the Long Term Evolution (LTE) assets of the Los Angeles Regional Interoperable Communications System (LA-RICS). AT&T offered about $14.5 million plus devices in an agreement expected to be signed Dec. 14.

A Rivada spokesman confirmed the $25 million offer was part of its bid in California’s request for proposals (RFP) for a statewide radio access network (RAN) to compare to the AT&T state plan for California. At press time, Rivada had not been notified that its bid had been accepted or rejected, the spokesman said.

“Yet again, AT&T is shortchanging public safety with a low-ball offer for LA-RICS’s assets,” Chairman and CEO Declan Ganley said. “Rivada’s bid to build a truly statewide public-safety broadband network for all of California went in last week, and it included a far more generous offer for the LA-RICS network.”

Rivada will ask the LA-RICS board to consider the two offers side-by-side, rather than rush to accept the AT&T bid.

“This $12 million offer to LA-RICS is just the latest demonstration that without competition, public safety gets taken to the cleaners,” Ganley said. “Los Angeles deserves better, and California deserves better.”

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