NextWave Broadband plans to acquire WCS Wireless licenses XM Sate...
NextWave Broadband plans to acquire WCS Wireless licenses XM Satellite Radio was to buy before both sides killed that deal (CD May 23 p10). NextWave quietly filed an application at the FCC for approval of transfer of 16 licenses…
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WCS owns in cities across the U.S. “NextWave and its affiliates… have the technical and operational expertise to hold and control FCC licenses and are financially qualified to acquire the licenses,” the firm said. NextWave Broadband is a successor to NextWave, which went bankrupt in June 1998, having bid $4.67 billion in 1996 for 63 PCS licenses in that year’s C- block auctions. In Jan., the company said its spectrum holdings cover more than 93 million POPs in the U.S. NextWave Broadband hasn’t issued a press release on the WCS buy.