Dingell to Examine Financial Relationship Between PSST, Cyren Call


DINGELL TO EXAMINE FINANCIAL RELATIONSHIP BETWEEN PSST, CYREN CALL

House Commerce Committee Chairman John Dingell (D-MI) wants to take a closer look at the financial arrangement between the Public Safety Spectrum Trust and outside contractor Cyren Call. Cyren Call has a contract to consult for the trust on the building of a public/private national network that must be shared with first-responders. The trust is managing a block of former TV spectrum that the Federal Communications Commission is trying to auction to a commercial entity that will agree to create the network in collaboration with first-responders. At a Hill hearing this week looking into the reauctioning of the spectrum, Chairman Dingell expressed his concern about Cyren Call's participation. He asked for copies of any agreements between Cyren Call and the trust, as well as Cyren Call and any venture-capital firms. He was particularly concerned about reports that the company and the PSST demanded that potential bidders for the spectrum pay a $50 million lease fee.
http://www.broadcastingcable.com/article/CA6552018.html?rssid=193

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