WASHINGTON-Nextel Communications on Friday filed a petition with the Federal Communications Commission to deny the transfer of three licenses to Leap Wireless International Inc.
“Inconsistencies between Leap’s financial data reported in the application and Leap’s financial data recently reported to the Securities and Exchange Commission must be reconciled before the [FCC] can approve this transaction,” said Nextel.
Nextel says that Leap reported to the SEC on April 14 that it has assets in excess of $1 billion, double the $500 million cap the businesses with designated entity status are allowed to have. The licenses in question involve Roswell, N.M., Phoenix, and Reno, N.V.
“Leap is a full qualified DE and in compliance with all of the FCC rules. We will respond to Nextel’s petition accordingly,” said Dan Pegg, Leap senior vice president for public affairs.
