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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)

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From: tech1014/16/2008 10:01:09 PM
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FCC Approves Nextlink's Substantial Service Showings in 30 Markets

April 16, 2008: 05:55 PM EST

Nextlink Wireless, Inc. today announced that the Federal Communications Commission (FCC) has accepted Nextlink's demonstrations of substantial service in 30 of its Local Multipoint Distribution Service (LMDS) licensed markets. Earlier this week, Nextlink also announced that the FCC granted Nextlink's request for extensions of time on its substantial service showings until June 1, 2012 in 48 additional licensed markets.

"We are very pleased to receive this notification and we thank the FCC for their timely consideration of our requests," said Robert Beran, president and CEO of Nextlink. "This is the first time that any LMDS owner has demonstrated substantial service in this spectrum band. The FCC's approval creates a path for renewal of our licenses and eliminates uncertainty in the marketplace around these valuable assets."

money.cnn.com
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