Is see your point. For the record, I owned Nextwave stock at $5, sold it at $11, so I have no financial interest, but I still follow the saga....
How can the FCC hold Nextwave responsible for buildouts when they:
a) Delayed issueing the Nextwave license for over 6 months, causing Nextwave to loose their initial funding.
b) Forced Nextwave to file for Bankruptcy (by refusing to stretch out a pre-agreed upon paymnet plan, somthing the C Auction winners asked for after Pocket Communications had filed for protection, and been awarded their license back at 10 cents on the original dollar making it nearly impossible to compete against. - All the FCC had to do was agree to stretch the payments out over 10 years rather than 5, and the large C Block bidders, including Nextwave, would have been able to make it)
c) Pulled and reauctioned the license, leaving the ownership of the spectrum in limbo, or should I say, Courts, for over 2 years. |
