WASHINGTON—The Federal Communications Commission said that it is returning 85 percent of the deposits made when the agency re-auctioned the PCS C- and F-block licenses originally won by NextWave Telecom Inc. and Urban Comm-North Carolina Inc. The total to be returned is $2.8 billion....
KANSAS CITY, Mo.—While announcing a series of steps designed to increase the company's financial flexibility and address the market's current concerns about its liquidity, Sprint Corp. said it was expanding its existing accounts receivable financing program to include Sprint PCS receivables. The company said...
WHITE PLAINS, N.Y.—NextWave Telecom Inc. and bankrupt fixed wireless company Teligent were given approval by the U.S. Bankruptcy Court to transfer approximately $1 million in telecommunications assets, including transmission equipment and office space and supplies, from Teligent to NextWave. Both companies are having their...
WASHINGTON—NextWave Telecom Inc. said it has activated its wireless network in 60 markets and is engaged in customer trials of its wireless data service based on CDMA 1x in selected areas. The activated markets include Baltimore, Boston, Houston, Los Angeles and Seattle.NextWave said it...
WASHINGTON—The Federal Communications Commission filed a petition for a writ of certiorari Wednesday afternoon to the U.S. Court of Appeals for the District of Columbia Circuit claiming the court "inappropriately injected the Bankruptcy Code into the heart of spectrum allocation decision," when it ruled...
BEDMINSTER, New Jersey, United States—Verizon Wireless filed a lawsuit against the Federal Communications Commission (FCC) in the U.S. Court of Appeals for the District of Columbia, asking the court to direct the FCC to return more than US$1.7 billion of the carrier's funds, which...
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...
WASHINGTON—The U.S. Federal Communications Commission (FCC) has decided to keep deposits from the re-auction winners of the personal communications services (PCS) C- and F-block licenses of bankrupt NextWave Telecom and Urban Comm-North Carolina.It had been widely expected the FCC would return the bulk of...
WASHINGTON—The Federal Communications Commission is not likely to return the deposits made by re-auction winners for the PCS C- and F-block licenses of bankrupt NextWave Telecom Inc. and Urban Comm-North Carolina Inc. by Friday as requested by the auction winners, said FCC Chairman Michael...
WASHINGTON—The wireless industry will need to consolidate to bring high-speed data rates to wireless customers and the lifting of the spectrum cap will help that, said Ivan Seidenberg, co-chief executive officer of Verizon Communications Inc.The cap limits the amount of spectrum a carrier can...
WASHINGTON—Bankrupt U.S. personal communications services (PCS) carrier NextWave Telecom received a 14-day extension on the deadline to file its opposition to the U.S. government's Supreme Court appeal of a federal appeals court ruling, giving NextWave licenses back to the bankrupt entity. The opposition is...
WASHINGTON—The re-auction winners of spectrum belonging to bankrupt NextWave Telecom Inc. and Urban Comm-North Carolina Inc. met with staff of the Federal Communications Commission today to discuss whether and/or when the agency will return $3.1 billion in deposits made last February.The meeting came in...
1. Jan. 29Re-auction brings in record $17B to FCCAfter 101 rounds and $16.85 billion, the Federal Communications Commission's auction of 422 personal communications services licenses ended last Friday. The auction, which began Dec. 12, broke the previous record of $9.2 billion for PCS spectrum...
WASHINGTON-The House and Senate left town Friday without giving the wireless industry its Christmas present-legislation codifying the settlement to end the bankruptcy of NextWave Telecom Inc.As wireless lobbyists all over town wondered how they could have gotten the legislative equivalent of a lump of...
WASHINGTON-2002 offers the wayward wireless industry a chance to begin to redeem and redefine itself. But it won't be easy, and survival skills will be essential. Indeed, with economic sluggishness persisting here and abroad, the industry is not totally in control of its future....
As the year winds down (and aren't we all ready to put this year behind us and start fresh in January?) RCR Wireless News recaps the top 20 stories of the year (featured on Page 6). The big stories of the year revolved around...
WASHINGTON—With the House of Representatives leaving town and the Senate expected to leave shortly, bankrupt NextWave Telecom Inc and Verizon Wireless Inc. reacted to the lack of legislation codifying the settlement that would give a majority of NextWave's PCS C- and F-block spectrum to...
WASHINGTON—Both the Federal Communications Commission (FCC) and Verizon Wireless warned late 11 December that if Congress does not pass legislation codifying the settlement of bankrupt NextWave Telecom, they would walk away from future negotiations. After he appeared before the House telecom subcommittee, FCC Chairman...
WASHINGTON—House of Representatives members Billy Tauzin, Bill Thomas, James Sensebrenner and John Conyers introduced legislation on Thursday to write into law a settlement between the government and NextWave Telecom Inc. concerning the ownership of NextWave's wireless licenses. The legislation calls for NextWave to give...
WASHINGTON—Former FCC Commissioner Gloria Tristani has decided to run for the U.S. Senate from New Mexico—one of several elective posts she was considering when she left the Federal Communications Commission on Sept. 7.Tristani will be running against GOP Sen. Pete V. Domenici.Domenici will be...
WASHINGTON—Both the Federal Communications Commission and Verizon Wireless Inc. warned late Tuesday that if Congress does not pass legislation codifying the settlement of bankrupt NextWave Telecom Inc., they would walk away from future negotiations. After he appeared before the House telecom subcommittee, FCC Chairman...
NEW YORK—Cingular Wireless completed the sale of $2 billion of global bonds, which the carrier said it would use to pay down short-term debt, finance licenses and construction related to the possible acquisition of NextWave Telecom Inc.'s licenses and to fund its network sharing...
WASHINGTON—The settlement deal to end the dispute regarding the PCS C- and F-block licenses of bankrupt NextWave Telecom Inc. ran into static from both houses of Congress on Thursday as lawmakers questioned whether and why Congress should pass legislation codifying the deal by the...
NEW YORK—Cingular Wireless plans to raise $2 billion this week from a private sale of senior secured notes of varying maturity. Proceeds from the sale are expected to be used for general corporate purposes, including repayment of commercial paper, financing of licenses and buildout...
