SAN DIEGO, United States—In a filing with the Securities and Exchange Commission (SEC), Qualcomm said it does not plan to make its promised US$300 million investment in NextWave because of doubts about its future.
“As a result of the uncertainty surrounding NextWave’s financing plans, the terms of a settlement with the FCC and other factors, there is significant uncertainty as to whether the company will make its planned investment in a recognized NextWave,” said Qualcomm.
