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Pastimes : The New Qualcomm - write what you like thread.

QCOM 151.59

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Jan 30 9:30 AM EST

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To: T L Comiskey who wrote (445)	9/30/1999 2:35:00 PM
From: Ruffian	of 12254

NextWave Update> September 30, 1999 Kennard answers Bliley on NextWave/Nextel matter WASHINGTON—The chairman of the Federal Communications Commission told the top telecommunications lawmaker in the House Monday that a letter signed by the FCC general counsel does not bind either him or the other commissioners to agree to a deal that would allow Nextel Communications Inc. to buy licenses held by the bankrupt NextWave Telecom Inc. ‘‘The staff agreement also does not bind me or any individual commissioner. In that regard, the staff recognized that, while its own analysis indicated preliminarily that a waiver would be lawful under the [FCC's] rules and policies, the [FCC], after considering the comments and other matters, might reach a different conclusion. Thus, any such waiver decision by the [FCC] would be reached only upon the [FCC's] independent conclusion that a waiver would be consistent with the [FCC's] rules and regulations governing waivers and is in the public interest,'' wrote FCC Chairman William Kennard in a letter to Rep. Thomas Bliley (R-Va.), chairman of the House Commerce Committee. On Aug. 10, Nextel announced that the FCC and the Department of Justice had agreed to allow it to buy NextWave's licenses. A week later, it released a letter signed by FCC General Counsel Christopher Wright and a term sheet that said Nextel would pay $2.1 billion for the licenses or receive a termination fee if the FCC chose to sell the licenses to another company.

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