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Technology Stocks : Nextwave Telecom Inc.
WAVE 8.230+0.1%11:33 AM EST
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To: Michael Allard who wrote (839)10/23/2002 11:32:29 AM
From: pcstel  Read Replies (4) of 1088
 
"Regarding pulling the license,respectfully.....Wrong!"

I think you are mistaken! The outcome of the Supreme Court decision does not and will not undermine the powers the FCC enjoins to enforce issues that deal with strictly regulatory issues. Nextwave missed the buildout deadline requirements on many of it's licenses, and failed to request an "extension" before the buildout deadlines passed. Doing so, the FCC has the power to resend those licenses at their discretion.

The Supreme Court case simply questions the FCC's ability to resend regulatory approvals due to a bankruptcy. Nextwave argues that the Commissions actions have been centered on financial issues, not regulatory issues. The FCC claims it's actions have been strictly based on regulations.

In the case of expired construction deadlines. It is simply a regulatory issue. One in which Nextwave failed to follow Commission rules, (which seems to be a pattern of theirs), and simply apply for an Extension BEFORE the Deadlines on their licenses expired.

The FCC has the ability to grant extensions if it is shown "in the public interest". I doubt the FCC sees any public interests in furthering Nextwave's agenda.

And so it goes!
PCSTEL
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