NextWave Shareholders Approve AT&T Merger
NextWave Wireless today announced that its stockholders have agree to allow AT&T to acquire it for its spectrum assets. AT&T filed plans with the Federal Communications Commission seeking permission to acquire NextWave wireless earlier this year. The transaction, which is valued at about $600 million, will give AT&T a number of AWS and WCS spectrum licenses around the country. The FCC has yet to approve the deal.