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

QCOM 166.05

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Nov 19 3:59 PM EST

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To: Ramsey Su who started this subject	9/20/2001 5:12:33 PM
From: foundation	Read Replies (3) of 196696

NextWave Settlement In Final Negotiations Wireless Week Staff September 20, 2001 A top-level Washington source today told Wireless Week that the FCC and NextWave Telecom are in final negotiations to settle their five-year-old spectrum dispute. FCC officials and NextWave representatives did not return calls for comment. Reportedly, under terms of the deal, the large carriers that bid $16 billion for NextWave's spectrum in a re-auction would pay the FCC $10 billion for the C-Block licenses, including interest and penalties. Out of that amount, NextWave would receive about $5 billion, slightly more than the $4.7 billion it bid in a 1996 auction. NextWave would keep its D, E and F-Block spectrum, but the FCC must still develop buildout requirements for those frequencies. Courts recently ruled that the FCC must turn the licenses back to NextWave, since the FCC did not wait for bankruptcy proceedings before it resold the licenses to top carriers including VoiceStream, Verizon Wireless and affiliates of AT&T Wireless and Cingular Wireless. The settlement would obviate the need for an FCC appeal of the NextWave case to the U.S. Supreme Court. The settlement, along with the distinct possibility that the FCC will lift the spectrum cap this fall, could help alleviate the industry's spectrum shortage. wirelessweek.com ---------- If this is true, NextWave might as well sell it all...without C-block, there's not enough left to matter....

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