California State University’s Stanislaus campus will make almost $4-million this year by leasing out a portion of the radio spectrum on which it used to broadcast distance-learning courses. The courses are now distributed online.
According to The Modesto Bee, the university has signed a deal with an Internet-service provider, Clearwire Corporation, which will pay the university $4-million upfront and more than $1-million a year thereafter to lease the portion of the radio spectrum licensed to the university. The lease can be extended for up to 30 years, and could bring the institution as much as $54-million.
The university says it plans to use the money to offer free wireless service on its campus and make other technology improvements. The company will use the spectrum to offer wireless service in California’s Central Valley. —Lawrence BiemillerReturn to Top