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

To: DaveMG who wrote (176)	10/17/1999 9:33:00 AM
From: Lance Bredvold	Read Replies (1) \| Respond to of 1088

www.internettelephony.com NextWave makes equipment deal NANCY GOHRING Despite its ongoing bankruptcy proceedings, NextWave announced an equipment supply agreement with Airspan. NextWave?s strategy is to build a wireless network capable of high-speed Internet access and offer airtime wholesale to ISPs, competitive local exchange carriers and other telecommunications companies. Airspan?s packet-switched, IP-based equipment operates in the PCS spectrum using a point-to-multipoint system. NextWave believes the network will be ideal for residential users and small businesses in suburban, rural or inner-city areas, which today may not have access to other high-speed services, such as DSL. Airspan?s platform can offer two voice or fax lines for residential applications and up to 16 lines for businesses. San Diego will be the first market to test the system. NextWave won licenses in the original C block auction and later won a court case that dramatically reduced the price it must pay for the licenses. The FCC continues to argue the ruling. NextWave has been plagued in recent months by Nextel?s announcement that it had received approval from the FCC and the Department of Justice of a plan that would hand NextWave?s licenses to Nextel in exchange for assistance in working through NextWave?s bankruptcy woes. NextWave insists such a move is illegal and that no conversations between NextWave and Nextel have ever taken place. ?Notwithstanding rumors to the contrary, NextWave Telecom Inc., its shareholders and other constituencies have absolutely no agreement, and are not contemplating any future transactions, with Nextel Communications Inc.,? said Allen Salmasi, chairman and CEO of NextWave in a released statement on Tuesday. He said NextWave is fully funded for the deployment of its network as an independent company. The FCC is being investigated by Congress regarding its dealings with Nextel.