Summit Ridge Group Announces Successful Completion of FCC's 3.45 GHz Clearinghouse Band Transition

NEW YORK, March 17, 2025 /PRNewswire/ -- Summit Ridge Group, the leading financial and business valuation consulting boutique focused solely on the telecommunications, media, and satellite industries, announced today that the Federal Communications Commission (FCC) has accepted its request to wind down and suspend operations of the 3.45 GHz Reimbursement Clearinghouse. The band transition is complete with incumbent operators fully reimbursed and relocated.

Summit Ridge Group announces successful wind down of FCC 3.45 GHz Clearinghouse on budget to initial projected cost.

This is the successful finish to the original May 3, 2023 designation and subsequent approval of Summit Ridge Group as the Clearinghouse for the 3.45 GHz band transition. All invoices associated with the Clearinghouse are settled, there are no further disputes from licensees or incumbent operators, and the Clearinghouse is not subject to any additional costs.

"I'm incredibly proud of the work the Summit Ridge Group team brought to the Clearinghouse process," said Armand Musey, president and founder of Summit Ridge Group. "Our deep industry expertise and past relocation experience enabled us to organize an efficient reimbursement fund. Despite the extended incumbent clearing time, we were able to keep costs to the license winners on budget to the initial projected cost."

Summit Ridge Group has considerable experience with managing and consulting for various FCC programs, including the TV Broadcaster Reimbursement Fund and the Rip & Replace program for U.S. telecommunications providers' networks. The firm also brings in-depth experience across all aspects of the communications sector, having provided business valuation, financial consulting, and litigation support in all areas of the industry, including satellite communications, wireless, and wireline.

For more information on Summit Ridge Group, please visit https://summitridgegroup.com/.

About Summit Ridge Group
Summit Ridge Group LLC ("Summit Ridge Group," "SRG," or the "firm") is a globally recognized consulting firm specializing in complex business valuation, financial advisory, and strategic consulting for the telecommunications, satellite, media, and technology (TMT) sectors. Founded in 2008, the firm is renowned for its expertise in valuing hard-to-value assets such as wireless spectrum licenses and satellite orbital slot authorizations. Summit Ridge Group delivers objective insights to support high-stakes transactions, litigation, and financial restructuring, serving institutional investors, leading law firms, U.S. government agencies, and other key industry participants. Leveraging deep industry expertise and understanding of financial, legal, and industry complexities, Summit Ridge Group empowers clients to navigate challenges and seize opportunities in the rapidly evolving global TMT market.

CONTACT: Dante Keeler; dante@theplunkettgroup.com

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SOURCE Summit Ridge Group