AT&T Wireless told SEC in filing Wed. that it hadn’t yet reached ...
AT&T Wireless told SEC in filing Wed. that it hadn’t yet reached agreement with Alaska Native Wireless (ANW) on whether designated entity would participate in its wireless network. AT&T Wireless has noncontrolling equity stake of 39.9% in ANW, which…
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won licenses in FCC’s C-block re-auction earlier this year. Results of that auction now are in disarray with June decision by U.S. Appeals Court, D.C., that would return licenses cancelled by FCC for nonpayment back to NextWave. AT&T Wireless filing said it had made $2.6 billion investment in ANW, which had won licenses for $2.9 billion in re-auction. ANW doesn’t have to use spectrum it acquires in way that’s consistent with “strategic objectives” of AT&T Wireless, latter told SEC. However, ANW does have to use wireless technology that’s compatible with AT&T’s. “If Alaska Native Wireless does not enter into agreements with us regarding the use and development of this spectrum similar to those we have entered into with our affiliates for our existing networks, it could have a material adverse impact on the timing and cost of implementing our third-generation strategy,” AT&T Wireless said. Carrier said that if NextWave decision were appealed successfully or settled or if ANW couldn’t obtain licenses for which it bid, “it could have a significant adverse impact on our plans to provide or enhance services in key new and existing markets.” In certain circumstances, if grant of licenses is challenged, “we may be obligated to purchase the interests of other investors,” AT&T Wireless said.