Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nextwave Telecom Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (147)	8/20/1999 9:32:00 PM
From: JGoren	Read Replies (1) \| Respond to of 1088

Sprint PCS's Chambers on NextWave Spectrum Dispute: Comment Washington, Aug. 20 (Bloomberg) -- Jonathan Chambers, vice president for regulatory affairs at Sprint Corp.'s PCS Group, a national wireless phone-service provider, comments on Nextel Communications Inc.'s disclosure last week that it received approval from the U.S. Federal Communications Commission and Justice Department to pursue spectrum now owned by bankrupt telecommunications company NextWave Telecom Inc. Sprint PCS, which is the third-best performing issue in the Standard & Poor's 500 Index this year, is based in Kansas City, Missouri. Chambers works in the company's Washington office. On what Sprint PCS might pay for the NextWave spectrum: ''We would be interested as well in NextWave licenses, but we don't have an offer together.'' ''It's incumbent upon the FCC to be more open about its discussions with Nextel, and be more open about its discussions here on in. It's hard for us, for any other company that would be interested in the spectrum.'' ''It's hard for anyone to go forward if they don't know what the rules are going to be.'' On the process involving Nextel, the FCC and Justice Department thus far: ''I think it's unusual. You always hope for sort of fair and open government. This kind of deal-making is not the sort of thing that I would've expected if the FCC is genuinely interested in waiving the C-block (auction) rules in order to get more money for the federal government out of the bankruptcy proceedings than it could have done in ways other than reaching a private agreement with a single large company.'' ''It's hard to know, without the federal government being more forthcoming about what it's willing to do and about participation by other companies. It's hard to know how other companies can genuinely participate in this process.'' Aug/20/1999 16:34