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Technology Stocks : Nextwave Telecom Inc.
WAVE 8.150-0.9%3:59 PM EST
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To: Rono who wrote (590)12/6/2001 9:56:21 AM
From: Rono  Read Replies (1) of 1088
 
NextWave Settlement Gets DoJ’s OK, Awaits Legislation

By Paul Kirby and Ryan Oremland

The Department of Justice has signed off on an agreement settling the NextWave
Telecom, Inc., PCS (personal communications service) license dispute. But key
government, congressional, and industry sources say little progress has been made in
a critical phase of the settlement process—gaining congressional approval of
codifying legislation.

And with as little as three weeks left in the current legislative session, doubts are
beginning to creep in about the codifying legislation’s prospects for making it to the
president’s desk before a Dec. 31 deadline—a development that would scuttle the
deal altogether. Several industry officials say, however, that they are optimistic
Congress will approve the legislation in time.

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tr.com
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