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Technology Stocks : Nextwave Telecom Inc.

WAVE 8.150

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Nov 11 3:59 PM EST

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To: Dennis Roth who wrote (792)	5/6/2002 1:47:31 PM
From: Dennis Roth	of 1088

Verizon Wireless CEO Says NextWave-Airwaves Settlement Unlikely quote.bloomberg.com By Jonathan Cox 05/06 11:42 New York, May 6 (Bloomberg) -- Verizon Wireless Inc. Chief Executive Officer Denny Strigl said he doesn't expect to reach an agreement over disputed NextWave Telecom Inc. airwaves wanted by U.S. mobile-phone companies for expanded services. Wireless companies will meet with NextWave in the offices of Senator Ted Stevens tomorrow to discuss the ownership fight, the Wall Street Journal reported earlier, citing people familiar with the situation. The carriers have no proposals, the paper said. ``I don't see this settlement happening,'' Strigl, who runs the biggest U.S. mobile-phone company, said at a Goldman, Sachs & Co. conference in New York. He declined to confirm the meeting at the Alaska Republican's offices. Wireless companies agreed to pay $15.9 billion for NextWave's airwaves at a U.S. auction last year. A court later returned the spectrum to NextWave, which is in bankruptcy. A settlement of the dispute collapsed when Congress failed to act on a plan that would have given the companies the frequencies and Hawthorne, New York- based NextWave almost $6 billion for ceding control.

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