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Technology Stocks : Nextwave Telecom Inc.

WAVE 7.420

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Nov 7 9:30 AM EST

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To: Michael Allard who started this subject	11/9/2001 8:44:41 AM
From: Eric L	Read Replies (1) of 1088

re: $6 Billion? >> NextWave Back in Court Cellular News November 8, 2001 At a court hearing yesterday, NextWave said that it had reached an agreement with the USA government over its ownership of radio spectrum licenses. NextWave lawyer Deborah Schrier-Rape did not tell the court what the terms of the settlement are, she did later say that NextWave expects to receive US$6 billion from the settlement, higher than the widely expected US$5 billion. The settlement requires the approval of the US Congress, as well as US Bankruptcy Judge, Adlai S. Hardin Jr. NextWave expects to sign the settlement today and file a new plan to emerge from bankruptcy in January. The final action should take place by next April. - Eric -

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