WirelessAdvisor.com

TNDan21 · 08-01-2003, 2:57 PM

NextWave, Cingular Ink $1.4 Billion Spectrum Deal

It didn't take the NextWave/Cingular spectrum deal long to get from rumor status to closed deal. NextWave Telecom and Cingular Wireless announced an agreement today for Cingular to purchase licenses from NextWave to provide wireless services in 34 markets. Under terms of the deal, Cingular would pay $1.4 billion in cash, and obtain FCC authorization to operate on 10 MHz of broadband PCS (1900 MHz)spectrum. Cingular would also obtain FCC authorization to operate on 20 MHz in the 1900 MHz band in Tampa, Fla., and El Paso, Texas. The two companies will present the offer to the U.S. Bankruptcy Court for the Southern District of New York for its approval. NextWave voluntarily initiated bankruptcy reorganization procedures in June 1998. Once bankruptcy court approval is obtained, the transaction will be submitted to the FCC for approval of the license transfers. (Source: PR Newswire)

Matt · 08-01-2003, 3:17 PM

Dan, see my post about it in the other thread. The deal is not done.

08-01-2003, 2:57 PM	#1 (permalink)
TNDan21 Join Date: Dec 2001 Location: Kingsport, TN Posts: 5,956 Phone(s): LG enV2, Samsung t219 Provider(s): Verizon Wireless, T-Mobile Devices: iPod Nano Thanks: 0 Thanked 4 Times in 4 Posts	NextWave, Cingular Ink $1.4 Billion Spectrum Deal NextWave, Cingular Ink $1.4 Billion Spectrum Deal It didn't take the NextWave/Cingular spectrum deal long to get from rumor status to closed deal. NextWave Telecom and Cingular Wireless announced an agreement today for Cingular to purchase licenses from NextWave to provide wireless services in 34 markets. Under terms of the deal, Cingular would pay $1.4 billion in cash, and obtain FCC authorization to operate on 10 MHz of broadband PCS (1900 MHz)spectrum. Cingular would also obtain FCC authorization to operate on 20 MHz in the 1900 MHz band in Tampa, Fla., and El Paso, Texas. The two companies will present the offer to the U.S. Bankruptcy Court for the Southern District of New York for its approval. NextWave voluntarily initiated bankruptcy reorganization procedures in June 1998. Once bankruptcy court approval is obtained, the transaction will be submitted to the FCC for approval of the license transfers. (Source: PR Newswire)

08-01-2003, 3:17 PM	#2 (permalink)
Matt Super Moderator Join Date: Oct 2001 Location: Lititz, Pa. Posts: 4,695 Phone(s): BlackBerry Pearl Provider(s): T-Mobile Thanks: 0 Thanked 0 Times in 0 Posts Images: 2	NextWave, Cingular Ink $1.4 Billion Spectrum Deal Dan, see my post about it in the other thread. The deal is not done. __________________ Join the T-Mobile Group Forum (or any other!) ...a/k/a cheerioboy26 elsewhere on the net....

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads for: NextWave, Cingular Ink $1.4 Billion Spectrum Deal
Thread	Thread Starter	Forum	Replies	Last Post
700-MHz spectrum to raise between $10 billion and $30 billion	jones	GENERAL Wireless Discussion	2	02-07-2006 6:03 PM
Verizon Wireless Completes Purchase of Nextwave Spectrum in New York	jones	Northeastern US Wireless Forum	0	10-29-2004 3:09 PM
FCC Approves Cingular's NextWave Spectrum Buy	TNDan21	Wireless News	1	02-14-2004 2:38 PM
Cingular Makes NextWave Deal Official	TNDan21	Wireless News	0	08-05-2003 5:50 PM
NextWave License Deal Would Be Big Boost For Cingular	TNDan21	Wireless News	5	08-01-2003 3:19 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

WirelessAdvisor.com

Clearing the static since 1998.

WirelessAdvisor.com