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FCC approves Nextel's buy of WorldCom licenses

WASHINGTON-The Federal Communications Commission approved Nextel Communications Inc.’s $144 million purchase of fixed-wireless licenses from WorldCom Inc.

Last summer, a federal bankruptcy judge approved the deal, making Nextel a major player in the fixed-wireless business. The FCC rejected several petitions to deny the transfer of WorldCom’s fixed-wireless licenses to Nextel.

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