WASHINGTON-The Federal Communications Commission on Monday certified that bankrupt NextWave Telecom Inc. has met the five-year build-out requirement on its licenses.
“The construction notifications that [NextWave] they have supplied to us have been granted,” said a spokeswoman for the FCC’s Wireless Telecommunications Bureau.
There was no official announcement of the certifications, just a change to the FCC’s Universal Licensing System.
“Deploying and continuously operating wireless facilities in so many markets while reorganizing in bankruptcy is a tremendous accomplishment by our network team, and is a testament to the confidence of our creditors committee and [debtor-in-possession] lender in the company’s future,” said Allen Salmasi, NextWave’s chief executive officer and chairman. “The [FCC’s] certification clears a major regulatory requirement for us, and positions us to complete our reorganization successfully and emerge from bankruptcy.”
