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Technology Stocks : Nextwave Telecom Inc.

WAVE 6.930

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2:25 PM EST

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To: Sal Comunale who wrote (90)	1/12/1998 5:47:00 PM
From: Caxton Rhodes	Read Replies (1) of 1088

FCC sets wireless deadline NextWave Telecom of San Diego and other wireless bidders will have until Feb. 26 to pick one of several restructuring options set out by the Federal Communications Commission last year. The date, an extension from the original Jan. 15 deadline, was set because the FCC had yet to rule on challenges by NextWave and others to the refinancing options. The bidders sought relief from the FCC last year after fund-raising troubles made them unable to make payments on their licenses for wireless phone systems.

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