NextWave Spectrum Saga Draws To A Close
Apr 21, 2004, 8:35 AM by (staff)
The FCC reached a final settlement with NextWave yesterday, ending an epic 5-year legal battle over spectrum that went all the way to the Supreme Court. NextWave owns up to 30 MHz of PCS spectrum in many markets nationwide - spectrum that has sat unused since it was auctioned in 1997. The settlement requires NextWave to return 72 percent of its spectrum to the FCC, plus $1.6 billion cash. NextWave also recently sold about 18 percent of its licenses to Cingular for $1.4 billion. In total, NextWave will have shed at least 90 percent of its spectrum assets. The FCC is expected to auction the licenses it receives from NextWave.
AT&T Ditching its Band 71 Licenses
AT&T is selling $1 billion worth of recently-acquired radio spectrum licenses to an obscure Virginia company, according to documents filed recently with the FCC. The spectrum in question is all (or nearly all) of the 600 MHz (band 71) licenses that AT&T acquired in an FCC auction just one year ago.
Dish's Designated Entities Give Up 197 Spectrum Licenses
Northstar Wireless and SNR Wireless LicenseCo surrendered 197 AWS-3 spectrum licenses and paid a $413 million fine to the FCC for defaulting on their $3.3 billion payment. Dish Networks participated in this year's auction through Northstar and SNR.
Second Round of FCC Incentive Auction Fizzles Out
The second round of the FCC's reverse auction ended suddenly in just a few hours due to lack of demand. Earlier this month the FCC lowered the targeted clearing cost of the spectrum licenses to $54.6 billion.
FCC Bestows More 600 MHz Licenses
The FCC today granted licenses for 600 MHz spectrum to those companies that placed winning bids during the incentive auction, which concluded earlier this year. The FCC has already distributed some of the 600 MHz licenses, including some to T-Mobile.