NextWave Telecom Inc.'s announcement to sell its remaining 1.9 GHz licenses to Verizon Wireless for $3 billion may not mean the end of one of the industry's most controversial players. In association with the sale, NextWave filed papers with its bankruptcy court noting a...
Following weeks of speculation, Verizon Wireless inked an agreement late last week to acquire bankrupt NextWave Telecom Inc. and its remaining spectrum licenses for $3 billion. The deal, which is subject to government approval as well as approval from NextWave's bankruptcy court, will add...
Following weeks of rumors, Verizon Wireless said it has signed a definitive agreement to purchase all of NextWave Telecom Inc.'s spectrum licenses covering 73 million potential customers in 23 markets for $3 billion. Verizon Wireless noted the acquisition, which is scheduled to close by...
WASHINGTON-NextWave Telecom Inc. has requested another extension before filing its reorganization plan, but told the court last week that it would like to emerge from bankruptcy by late January. The latest extension request would have NextWave filing its reorganization plan by Nov. 12 and...
WASHINGTON-NextWave Telecom Inc. has requested another extension before filing its reorganization plan, but told the court Tuesday that it would like to emerge from bankruptcy by late January.The latest extension request would have NextWave filing its reorganization plan by Nov. 12 and then soliciting...
WASHINGTON-NextWave Telecom Inc. has been given 10 days by the bankruptcy court to figure out its plan to emerge from bankruptcy protection, which will allow it to continue to consider offers from several sources, according to court filings.Several news outlets have said these offers...
WASHINGTON-The FCC's Advisory Committee on Diversity in Communications in the Digital Age recommended Monday that the Federal Communications Commission hang tough on setting aside spectrum for small businesses, but one panelist with a wireless subsidiary abstained and the wireless industry spoke out against the...
U.S. Cellular Corp. entered a definitive agreement to sell its 20-megahertz PCS license covering Daytona Beach, Fla., to MetroPCS Inc. for $8.5 million.U.S. Cellular said the sale was consistent with its recent initiative to exit non-strategic markets and redeploy its capital to more important...
U.S. Cellular Corp. agreed to sell its 20-megahertz PCS license covering Daytona Beach, Fla., to MetroPCS Inc. for $8.5 million. U.S. Cellular said the sale was consistent with its recent initiative to exit non-strategic markets and redeploy its capital to more important parts of...
WASHINGTON-The FCC's Wireless Telecommunications Bureau late Thursday said it is going forward with plans to auction Jan. 12 the licenses returned by bankrupt NextWave Telecom Inc. and other PCS licenses and said a request by the Cellular Telecommunications & Internet Association to open the...
WASHINGTON-The Federal Communications Commission hopes to adopt proposed service rules for the H-block at its September meeting despite concerns expressed by the wireless industry about possible interference to existing PCS users, said John Muleta, chief of the FCC's Wireless Telecommunications Bureau.The H-block (1915-1920/1995-2000 MHz)...
Motorola Inc. said it will fight the attempt by the Internal Revenue Service to retrieve $500 million in what the governmental agency describes as unpaid taxes. The IRS wants the money based on the company's financial activities between 1996 and 2000. The agency said...
WASHINGTON-The Federal Trade Commission and the Department of Justice have approved Verizon Wireless's purchase of bankrupt NextWave Telecom Inc.'s New York license.The deadline for oppositions expired at midnight Aug. 9. "The Hart-Scott-Rodino period doesn't technically expire until midnight, but I think it is fair...
WASHINGTON-A bankruptcy judge has approved the private-auction sale of three of bankrupt NextWave Telecom Inc.'s licenses including a 10-megahertz license to serve New York to Verizon Wireless."The company is pleased to have secured bankruptcy court approval so quickly. Now we'll work on obtaining the...
WASHINGTON-A bankruptcy judge has approved the private-auction sale of three of bankrupt NextWave Telecom Inc.'s licenses including a 10-megahertz license to serve New York to Verizon Wireless."The company is pleased to have secured bankruptcy court approval so quickly. Now we'll work on obtaining the...
With a customer base of more than 40 million subscribers and nearly 500,000 new customers added each month, Verizon Wireless has firmly established itself as the leading wireless carrier in the country. If it can maintain that growth through the rest of the year,...
WASHINGTON-Council Tree Communications Inc., an investment company that identifies telecom business opportunities for minorities and women, told the Federal Communications Commission late Thursday to reject the argument of the Cellular Telecommunications & Internet Association to open the bidding to all comers in the auction...
WASHINGTON-The Cellular Telecommunications & Internet Association Thursday urged the Federal Communications Commission to open the bidding to all companies for the recently returned spectrum of bankrupt NextWave Telecom Inc."Significant market changes have occurred during the four years since the FCC last modified the entrepreneur...
WASHINGTON-The Cellular Telecommunications & Internet Association Thursday urged the Federal Communications Commission to open the bidding to all companies for the recently returned spectrum of bankrupt NextWave Telecom Inc."Significant market changes have occurred during the four years since the FCC last modified the entrepreneur...
NextWave Telecom Inc.'s highly anticipated attempt to auction a half-dozen spectrum licenses fell short of expectations as the bankrupt license holder managed to generate only $973.5 million in winning bids.The final prices included a minimum winning bid of $930 million for 10 megahertz of...
In a move expected to bolster its spectrum position and coverage in the western United States, Verizon Wireless reported late last week that it had agreed to acquire Qwest Communications International Inc.'s wireless assets, including spectrum and network infrastructure for $418 million. Analysts noted...
In a move that could relieve its spectrum needs ahead of upcoming auctions by NextWave Telecom Inc. and the Federal Communications Commission, Verizon Wireless reported a definitive agreement to purchase Qwest Communications International Inc.'s wireless assets for $418 million. The purchase price is well...
The Federal Communications Commission is reportedly planning to auction more than 150 PCS licenses early next year that would include licenses returned to the government agency by NextWave Telecom Inc. as well as other licenses returned to the FCC or that have failed to...
NextWave Telecom Inc., at one point a symbol of all that could go wrong with government auctions, is hoping to use an auction to its advantage.Less than two months after reaching an agreement with the Federal Communications Commission to give back a majority of...
