Official comments on NextWave deal [updated]

Aug 04 2003 - 11:45 AM ET | Cingular
Last week we noted that Cingular looks like it wants to take over NextWave's 34 spectrum licenses. Well, Cingular has commented: bq. "A definitive agreement has not been reached and there can be no assurance that an agreement will be reached or, if reached, that any transaction will be consummated. Cingular does not intend to make any further announcement with respect to this matter unless and until further disclosure is required." Chalk another one up to the rumor mongers! Update: They have reached a deal... $1.4 billion.