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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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Jan 9 9:30 AM EST

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To: foundation who wrote (12347)	7/3/2001 8:30:51 AM
From: foundation	Read Replies (1) of 197157

Lucent CDMA deal confirms Nextwave's re-emergence By Total Telecom staff 03 July 2001 U.S. mobile operator Nextwave and vendor Lucent Technologies announced Monday a deal to build a new CDMA network in the United States. Initially voice and data networks will be built in Detroit and Madison with a data-only network to be built in 93 other markets over the next 10 months, according to Reuters. Nextwave, MCI and Lucent have been trialing a CDMA system, under temporary license from the FCC, at MCI's headquarters in Washington DC. "We are striving to be the first to market with this innovative broadband wireless service," said Allen Salmasi, chief executive. The U.S. wireless operator, based in Hawthorne, New York, was last week given a new lease of life when a U.S. appeals court ruled that the FCC had acted wrongly by repossessing and then auctioning off spectrum Nextwave had originally won in 1995. The company was protected under Chapter 11 bankruptcy protection. Given such a high-profile bankruptcy, Frank Cassou, Nextwave general counsel and executive vice president, was at pains to emphasis Nextwave's financial credentials. "We have ample funds on hand to finance this initial construction effort," he told Reuters. "We expect to file a plan of reorganization shortly and we anticipate emerging from bankruptcy soon thereafter." totaltele.com

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