AT&T Acquires NextWave (And Its WCS Spectrum) For Up To $50M To Build Out 4G LTE Network

AT&T has just acquired NextWave Wireless for the purpose of reworking its WCS spectrum for the build-out of AT&T's 4G LTE network. According to the release, "AT&T will acquire all the equity of NextWave for approximately $25 million plus a contingent payment of up to approximately $25 million and, through a separate agreement with NextWave?s debt holders, all of the company?s outstanding debt will be acquired by AT&T or retired by NextWave, for a total of $600 million in cash." NextWave currently holds licenses in WCS and AWS bands, and for a long while, WCS could not be used for mobile Internet. Sanctioned in 1997, rules were put in place to prevent this so that there would be no interference to satellite radio users in close spectrum bands.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/8wDGNJm0mfk/

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