NextWave to give licenses to FCC for auction

Apr 21 - 09:37 AM ET |

NextWave Telecom reached a deal with federal regulators about what to do with spectrum licenses. The company, which is currently in bankruptycy protection, will give most (90%) of its licenses to the FCC. They will then be up for grabs at auction, likely going to carriers wanting to expand data services.

The original price tag was $4.8 billion, but they have been valued as high as $15.9 billion.

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