Cingular in Talks to Buy NextWave Airways

May 27 2003 - 02:34 PM ET | In The News, Rumor
The rumor on the street is that Cingular wants to buy around 20% of NextWave Telecom's airspace. This looks to be good news for Cingular customers and investors alike. The deal is rumored to be worth $1.5 billion. Reuters has picked up the story.