Nextwave Telecom Inc. Message Board

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Technology Stocks : Nextwave Telecom Inc.

WAVE 8.150

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11:39 AM EST

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To: pcstel who wrote (754)	3/13/2002 11:50:01 AM
From: Eric L	Read Replies (1) of 1088

pcstel, << Nextwave ... was the innocent party when the FCC held subsequent Auction 11, and "flooded the market with spectrum following the auction in which it participated. The oversupply depressed prices, making NextWave unable to find financing to cover its bids. " ... *the Information that the FCC would hold an Auction for an additional 10 Mhz each D,E,F Block Auction after the C Block licenses was widely known since 1995!* >> That is indeed a fact, and my recall is that the exact spectrum to be auctioned in D,E,F Blocks was actually known in 1994 before A&B Block auction bidding commenced. I have bitten my tongue every time I have heard NextWave, or anyone else, talk about the FCC flooding the market with spectrum following the entrepreneurs C Block. - Eric -

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