HAWTHORNE, N.Y.—NextWave Telecom Inc. reported UBS Warburg has committed to provide the company with $2.5 billion in debt financing to fund the construction of its planned nationwide third-generation wireless network. UBS Warburg will also serve as NextWave's financial adviser and will assist NextWave in...
The NextWave Telecom Inc. saga continued last week as the hopeful wireless wholesaler unveiled funding plans to roll out its network, while its potential wireless competitors/customers continued to look for ways to wrestle some control over licenses that are still waiting for a proper...
WASHINGTON-Bankrupt NextWave Telecom Inc. insisted last week in meetings with industry, federal regulators and the press that it plans to build out its network, and further litigation only delays that from happening."For all practical purposes, this litigation has kept us in jail, kept the...
To the Editor:Is it just my imagination or did something ominous and unspeakable happen when the U.S. Court of Appeals for the District of Columbia Circuit reversed the Federal Communications Commission's cancellation of the C- and F-block licenses of NextWave Personal Communications Inc.? In...
WASHINGTON—Bankrupt PCS carrier NextWave Telecom, in a strongly worded response, on 30 July urged the Federal Communications Commission (FCC) to deny a petition filed recently by a group of winning bidders in the re-auction of NextWave's licenses.The "petitioners—relying solely on speculation and innuendo—have fabricated...
The offer last week by a handful of wireless carriers to pay off NextWave Telecom Inc.'s debts in exchange for the company's disputed wireless spectrum reminds me of some negotiations I have watched my four-year-old daughter try to make with my two-year-old daughter in...
WASHINGTON-The five largest bidders in the Federal Communications Commission's recent re-auction of PCS licenses sent a letter last week urging the agency to make a deal with bankrupt NextWave Telecom Inc. that would have NextWave relinquishing its licenses for a cash payment near NextWave's...
While lawyers have spent the past four years wrangling over the fate of Nextwave Telecom Inc.'s 93 C- and F-block licenses, the wanna-be telecom company has been moving ahead with its plans to build out and launch its network. With the U.S. Court of...
WASHINGTON-Three wireless carriers-all of which won licenses in the PCS re-auction-petitioned the Federal Communications Commission to re-evaluate the ownership structure of bankrupt NextWave Telecom Inc."This investigation should include an inquiry as to whether the company, based on the totality of the circumstances, was eligible...
WASHINGTON-The Federal Communications Commission made out better on its fiscal year 2002 budget with the Senate Appropriations Committee than it did with the full House of Representatives.The House passed the FCC's FY 2002 budget as part of the overall commerce, justice, state and the...
FCC Chairman Michael Powell needs to direct his staff to get over it and get on with it. "It" is the agency's loss in federal appeals court to NextWave Telecom Inc. last month.Speculation has been rampant for at least two weeks that Federal Communications...
Close below the surface of the third-generation mobile-phone spectrum debate is a technology war, the kind of feud industry thought was behind it and wanted to avoid as it tries to present a unified front in the campaign to wrestle away frequencies from the...
Many people have claimed the success of the Internet really took off once service providers implemented one-rate plans for unlimited usage. The plans allowed computer users to surf all they wanted without having to worry about a surprise bill at the end of the...
Group may prod FCC to probe NextWaveA group of carriers impacted by an appeals court ruling that returns PCS licenses to NextWave Telecom Inc. is considering filing a petition to ask the Federal Communications Commission to investigate whether NextWave's ownership complies with foreign-ownership restrictions.GoAmerica...
Network coverage is the unexciting side of the wireless industry. Sure, most carriers proclaim to have excellent coverage in their markets, but real-world results are often lacking. Someone in the wireless industry recently discussed a conversation she tried to have with an executive of...
NEW YORK-Citing "consistently strong operating results" and a "very good liquidity position," Moody's Investors Service raised the ratings July 5 on approximately $1.3 billion in debt of Triton PCS, which in 1998 became the first affiliate of AT&T Wireless Services Inc.Moody's upgraded to B2...
WASHINGTON-In an effort to prove it is a viable company and at the same time help a struggling icon, bankrupt NextWave Telecom Inc. said on July 2 it has signed a contract with Lucent Technologies Inc. to begin building out a CDMA network."We are...
Mobile-phone maker LG InfoComm U.S.A. Inc. has been "in the closet, so to speak," according to Michele Thenegal, the company's marketing director.While LG InfoComm hasn't been completely dormant during its time in the closet-the company said it garnered about 11 percent of the U.S....
The U.S. Court of Appeals for the District of Columbia Circuit ruling that the Federal Communications Commissions illegally repossessed NextWave Telecom's personal communications services licenses has turned a once $17 billion windfall for the federal government, and much needed capacity for wireless carriers, into...
WASHINGTON-The U.S. Supreme Court on Friday rejected an appeal from the Federal Communications Commission on a decision from the U.S. Court of Appeals for the 5th Circuit on the bankruptcy of Metro PCS, formerly known as General Wireless Inc.The 5th Circuit said the FCC...
WASHINGTON-The impact on the federal budget of last month's decision by a federal appeals court to overturn the reclamation and re-auction of bankrupt NextWave Telecom Inc.'s 90 PCS C- and F-block licenses was an undercurrent of Thursday's Senate Appropriations commerce, justice, state and the...
WASHINGTON-NextWave Telecom, a one-time poster child for everything that went wrong with the U.S. government's C-block auction for PCS licenses, said it stands ready to continue to build its network, following a U.S. appeals court ruling 22 June that said the government could not...
WASHINGTON-NextWave Telecom Inc., a one-time poster child for everything that went wrong with the government's C-block auction for PCS licenses, said it stands ready to continue to build its network, following an appeals court ruling last Friday that said the government could not cancel...
Greetings new Federal Communications Commissioners! As you begin this new journey in your life, charged with making decisions that will affect millions of U.S. citizens, I am sure you are aware of the great responsibility with which you have been entrusted.As you scramble to...
