FCC may soon return NextWave deposits

afang · 01-23-2002, 05:23 PM

WASHINGTON--The Federal Communications Commission will likely approve an order, possibly by Friday, to return most of the $3.2 billion downpayment made by mobile telephone companies in bidding for NextWave wireless licenses, people familiar with the situation said Wednesday.
The 13 carriers, including Verizon Wireless, VoiceStream Wireless, and partners of AT&T Wireless Services and Cingular Wireless, bid $15.85 billion for the licenses a year ago. The sale was left hanging after an appeals court ruled the airwaves belonged to bankrupt NextWave Telecom.

http://news.com.com/2100-1033-821325.html

afang · 01-23-2002, 05:23 PM

WASHINGTON--The Federal Communications Commission will likely approve an order, possibly by Friday, to return most of the $3.2 billion downpayment made by mobile telephone companies in bidding for NextWave wireless licenses, people familiar with the situation said Wednesday.
The 13 carriers, including Verizon Wireless, VoiceStream Wireless, and partners of AT&T Wireless Services and Cingular Wireless, bid $15.85 billion for the licenses a year ago. The sale was left hanging after an appeals court ruled the airwaves belonged to bankrupt NextWave Telecom.

http://news.com.com/2100-1033-821325.html

01-23-2002, 05:23 PM	#1
afang Senior Member Join Date: Sep 2001 Location: Plano,TX USA Posts: 388	FCC may soon return NextWave deposits WASHINGTON--The Federal Communications Commission will likely approve an order, possibly by Friday, to return most of the $3.2 billion downpayment made by mobile telephone companies in bidding for NextWave wireless licenses, people familiar with the situation said Wednesday. The 13 carriers, including Verizon Wireless, VoiceStream Wireless, and partners of AT&T Wireless Services and Cingular Wireless, bid $15.85 billion for the licenses a year ago. The sale was left hanging after an appeals court ruled the airwaves belonged to bankrupt NextWave Telecom. http://news.com.com/2100-1033-821325.html __________________

01-23-2002, 05:23 PM	#2
afang Senior Member Join Date: Sep 2001 Location: Plano,TX USA Posts: 388	FCC may soon return NextWave deposits WASHINGTON--The Federal Communications Commission will likely approve an order, possibly by Friday, to return most of the $3.2 billion downpayment made by mobile telephone companies in bidding for NextWave wireless licenses, people familiar with the situation said Wednesday. The 13 carriers, including Verizon Wireless, VoiceStream Wireless, and partners of AT&T Wireless Services and Cingular Wireless, bid $15.85 billion for the licenses a year ago. The sale was left hanging after an appeals court ruled the airwaves belonged to bankrupt NextWave Telecom. http://news.com.com/2100-1033-821325.html

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