Home  ›  News  ›

NextWave Settlement Ratified by Justice Department

Article Comments  

Nov 29, 2001, 5:36 AM   by (staff)

The USA Justice Department has ratified the settlement between the telecoms regulator, the FCC and NextWave. Last year the U. S. Court of Appeals interpreted federal law as blocking  the FCC from reclaiming and reauctioning the spectrum licenses held by NextWave. The consequence was that NextWave was issued its licenses, and the FCC was left to try and collect in bankruptcy the US$4.7 billion that NextWave owed the government. This settlement requires Congressional approval in the form of implementing legislation.

cellular-news »




This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram


All content Copyright 2001-2023 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.