Nextel Joins UK Spectrum Bidding Consortium
RESTON, Va., Jan. 12 /PRNewswire/ -- Nextel Communications, Inc. (Nasdaq: NXTL - news) announced today that it is an anchor participant in a bidding consortium in the United Kingdom to participate in the 3-G UMTS spectrum auction for broadband wireless licenses. The other consortium members include: Virgin Spectrum Limited, EMI, Sonera, and Vulcan Ventures, as well as other investors.
''This consortium has great resources,'' said Tim Donahue, Nextel's president and CEO. ''We are glad to be a part of a group with exceptional branding, operating experience and financial backing. The focus of this consortium, if successful, would include and complement Nextel's business to business strategy.''
The auctions are scheduled to begin in March with a final license award to be completed later this year.
Nextel Communications Inc., headquartered in Reston, Va. is a leading provider of fully integrated wireless communications and has built the largest guaranteed all-digital wireless network in the United States that covers thousands of communities across the United States. Nextel and Nextel Partners, Inc., currently serve 92 of the top 100 U.S. markets. The Nextel National Network offers a fully integrated wireless communications tool with digital cellular, text/numeric paging and Nextel Direct Connect® -- a digital two- way radio feature. In addition, through Nextel International Inc., Nextel has wireless operations and investments in Canada, Mexico, Argentina, Brazil, the Philippines, Peru, Japan and Shanghai, China. Please visit our web page at nextel.com.
SOURCE: Nextel Communications, Inc.
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