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Technology Stocks : Nextwave Telecom Inc.

WAVE 7.420

+0.1%

Nov 7 9:30 AM EST

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To: Jon Koplik who wrote (564)	11/9/2001 2:29:46 PM
From: Eric L	Read Replies (1) of 1088

re: Mum's the (latest) word >> FCC Still Mum On NextWave Deal Kristy Bassuener Wireless Week November 9, 2001 Despite NextWave Telecom Inc.'s declaration in a U.S. bankruptcy court Thursday that its settlement with the FCC was a done deal, FCC officials still refuse to comment on the arrangement. The long-awaited official announcement would free up spectrum re-sold in an auction early this year to carriers including Verizon Wireless, VoiceStream Wireless, Salmon PCS and others. NextWave attorney Deborah Schrier-Rape told Judge Adlai Hardin that the 'U.S. government, NextWave, and numerous wireless service providers have reached an agreement designed to resolve pending litigation,' a statement said. She added that she expected all parties to sign the agreement by the end of today, and that NextWave will submit a copy of the agreement in a court hearing scheduled on Dec. 28. << - Eric -

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