pdvWireless reports third quarter results

Source: PR Newswire

pdvWireless, Inc. (NASDAQ: PDVW), focused on developing private broadband solutions on its 900 MHz licensed nationwide spectrum for critical infrastructure and industry, today announced its results for the third quarter ended December 31, 2018. During the quarter, the company saw continued growth in the demand for private broadband networks while continuing to focus on its regulatory proceeding.

"Based on the industry's growing demand for private broadband networks to solve grid modernization challenges, we developed and launched the Utilities Broadband Alliance, or UBBA," said Rob Schwartz, President and COO of pdvWireless. "This industry led alliance represents the collaboration of utilities and ecosystem partners to define a roadmap for the adoption of private broadband networks focused on the critical communications needs of the industry."