Rivada Networks is bidding $25 million to acquire the LTE assets of the Los Angeles Regional Interoperable Communications System (LA-RICS)
The company said its bid is more than double the $12 million offered by AT&T.
“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 a low-ball bid without competition. 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.”
