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Cingular In Talks To Buy NextWave Spectrum

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May 28, 2003, 9:54 AM   by (staff)

Cingular is in talks to acquire roughly 20 percent of the wireless airwaves held by NextWave Telecom, people familiar with the situation said yesterday. The new spectrum would help Cingular add capacity and coverage in key markets, and accelerate its ongoing upgrades to GSM/GPRS technology. A source said the deal would not include the New York City market. NextWave, which is in bankruptcy protection and recently won a long court battle with the FCC to keep the wireless licenses, would maintain a national footprint.

more info at Reuters »

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