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Cingular, Nextwave Agree on Spectrum Purchase

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Aug 5, 2003, 10:07 AM   by (staff)

Cingular Wireless and NextWave Telecom today officially announced an agreement for Cingular to purchase PCS wireless licenses from NextWave covering 34 markets, for $1.4 billion. The licenses primarily cover markets where the company already offers wireless service, and will be used to add much-needed capacity. The licenses will also enable Cingular to launch service in a handful of new markets, including Portland, Oregon; Salt Lake City, and El Paso. The transaction is subject to court and regulatory approval.

more info at Cingular, NextWave »

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