San Diego-based VelaTel Global Communications, which deploys and operates wireless broadband and telecom networks worldwide, will spend some $5.8 million to acquire 100 percent of the capital stock of mobile virtual network operator (MVNO) China Motion Telecom (HK) Limited. What VelaTel gets is access to such mainland China state-owned companies NGSN and China AerospaceAmerican Tower Corporation now owns the 93rd and 97th floors plus the rooftop of the John Hancock Center in Chicago along with the rights to the existing telecom leases associated with the property. The deal lets the company enter the Chicago-area broadcast market while boosting its rooftop portfolio in the region. The agreement includes more than 34,000 square feet of space for broadcast and telecommunications equipment, the rooftop and two broadcast masts.

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FCC Chair Tees Up Apartment Broadband Competition Item

Cable has to contend with FCC Chair Jessica Rosenworcel circulating a proposal that would prevent providers from entering into exclusive revenue sharing agreements with building owners as part of changes aimed at bringing competition to MTEs.

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