800 MHz Licensee Smartcomm, Subsidiary File for Bankruptcy
April,2019
A spectrum acquisition company and its licensing services subsidiary both filed for bankruptcy at the end of March.
Both Smartcomm and Smartcomm License Services filed for Chapter 7 bankruptcy. Unlike Chapter 11 bankruptcy, Chapter 7 bankruptcy does not allow for the reorganization of a company, meaning that all of the companies’ assets will be liquidated to help pay back creditors.
M2M Spectrum Networks is listed as another one of the defendants in Alcorn’s 2018 lawsuit. Downes is listed as one of two registered agents for M2M Spectrum Networks, as well as Spectrum Networks Group, in the Arizona business database.
Link: 800 MHz Licensee Smartcomm, Subsidiary File for Bankruptcy
April,2019
A spectrum acquisition company and its licensing services subsidiary both filed for bankruptcy at the end of March.
Both Smartcomm and Smartcomm License Services filed for Chapter 7 bankruptcy. Unlike Chapter 11 bankruptcy, Chapter 7 bankruptcy does not allow for the reorganization of a company, meaning that all of the companies’ assets will be liquidated to help pay back creditors.
M2M Spectrum Networks is listed as another one of the defendants in Alcorn’s 2018 lawsuit. Downes is listed as one of two registered agents for M2M Spectrum Networks, as well as Spectrum Networks Group, in the Arizona business database.
Link: 800 MHz Licensee Smartcomm, Subsidiary File for Bankruptcy