Home  ›  News  ›

AT&T Hopes to Acquire NextWave Wireless for Spectrum

Article Comments  1  

Aug 2, 2012, 8:00 AM   by Eric M. Zeman
updated Aug 2, 2012, 8:45 AM

AT&T today announced that it has agreed to acquire NextWave Wireless. NextWave wireless holds various spectrum licenses, including some in the AWS 1700MHz band and some in the Wireless Communication Services (WCS) band. The WCS band spectrum is adjacent to satellite radio spectrum and has remained fallow due to interference concerns. AT&T and Sirius XM proposed a work-around to the Federal Communications Commission earlier this year that would alleviate those concerns and open the WCS spectrum up for mobile broadband use. The deal includes two separate $25 million payments to NextWave and a $600 million payout to NextWave's creditors. The total purchase price is $600 million. The deal is subject to federal regulatory approval and AT&T expects the deal to close by the end of the year

Related

more news about:

AT&T
 

Comments

This forum is closed.

This forum is closed.

Tofuchong

Aug 2, 2012, 11:30 AM

AT&T expects the deal to close by the end of the year

How many times have we heard that phrase ? 🤣
 
 
Page  1  of 1

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

 

Playwire

All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.