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To: jimmyo who wrote (9535)	12/18/1999 4:15:00 PM
From: Gary Korn	Respond to of 10227

12/17/99 Reuters Eng. News Serv. 11:32:00 Reuters English News Service C) Reuters Limited 1999. Friday, December 17, 1999 USA: RESEARCH ALERT-buy Nextel on weakness - Soundview. NEW YORK, Dec 17 (Reuters) - SoundView Technlogy Group said on Friday investors should buy shares of Nextel Communications Inc. on weakness. - said Nextel's quarter appears "on track." Said it expects Nextel to add 425,000 net new subscribers, which is above the range of 390,000 to 410,000 new subscribers expected by other Wall Street analysts. - said Nextel's average monthly revenue per subscriber should remain strong and the highest in the industry. - said believes the company remains a takeover candidate by a foreign telecommunications company. - said Nextel's stock was affected by two legal proceedings on Thursday. - said a Washington D.C. court approved a modified antitrust decree ruling in favour of Nextel, allowing the company to buy additional licenses in the 900MHtz band in the top 25 markets. Said this is only a "slight positive" since these licenses come in "slivers, not swatches" geographically. - said NextWave's bankruptcy court proceeding in New York may also affect Nextel, but there are too many unanswered questions to judge the impact on mobile wireless or fixed-wireless carriers. NextWave on Thursday got $1.6 billion from several high-profile investors. SoundView speculated that Leap Wireless Inc. also may get involved with NextWave. - said NextWave may deploy Qualcomm Inc.'s new high data rate technology and go after the "last-mile" traffic and compete in the fixed local loop market. That move would have no impact on the mobile wireless carriers. - shares of lost 1-5/8 to 91-5/16 on Nasdaq. (( Jessica Hall, New York newsroom 212-859-1729)).

To: jimmyo who wrote (9535)	12/18/1999 4:18:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 10227

12/17/99 Wireless Today (Pg. Unavail. Online) 1999 WL 6692495 Wireless Today (c) 1999 Phillips Business Information, Inc. Friday, December 17, 1999 Vol. 3, Issue: 243 NEXTEL, NEXTWAVE NOTE PROGRESS IN SPECTRUM GAMBITS Wireless industry analysts are reporting that a federal court has approved a modified antitrust decree ruling in favor of Nextel Communications [NXTL] that will allow the Reston, Va.-based SMR giant to buy additional licenses in the 900 MHz band in the top 25 markets. A second carrier with licenses spectrum Nextel is seeking to acquire, NextWave Telecom [NSV], has modified its bankruptcy reorganization proposal after investors added more than $1.6 billion to help it build its advanced wireless data network. The investors include Global Crossing [GBLX], Liberty Media Group [LMG], Texas Pacific Group and Pacific Capital Group, NextWave announced. The ruling in the U.S. District Court for the District of Columbia approved an agreement Nextel reached with the Justice Department in June this year to own more 900 MHz SMR frequencies in the top 14 markets in the United States. It apparently clears the way for Nextel to begin operating on the full range of 900 MHz frequencies as of Oct. 30, 2000, five years earlier than the carrier's original consent decree with the government would allow. Nextel, which is backed by telecom entrepreneur Craig McCaw, sued the department last February because the parties' 1995 consent agreement prevented the company from buying 191 licenses in the 900 MHz band from defunct SMR operator Geotek Communications Inc. for $150 million. SoundView Technology Group today (12/17) advised buying Nextel shares in part because of the court ruling. Also, SoundView analysts reported that the carrier's projections for subscriber adds this quarter appear on track for 425,000 this quarter. In addition, Nextel's average monthly revenue per subscriber is sustaining its level as the wireless industry's highest. SoundView also considers the company to be a leading takeover target for foreign telecoms. Hawthorne, N.Y.-based NextWave, which filed for Chapter 11 bankruptcy protection in December 1998, has been trying to convince the courts to increase the value of spectrum licenses it acquired in from the FCC in a 1996 auction. The company was unable to continue payments on the licenses after paying $474 million. An appeals court in November overturned a bankruptcy-court ruling that valued the spectrum at $1.02 billion, less than a quarter of the $4.7 billion NextWave had bid. NextWave said the bankruptcy court set a confirmation hearing for Jan. 5 subject to the receipt of either the opinion of the appeals court or an order from the appeals court allowing confirmation to proceed. Nextel has offered more than $6 billion for NextWave's spectrum as part of a proposed settlement of the matter negotiated with the FCC and the Justice Department. But that deal was put on hold by a bankruptcy court ruling. ---- INDEX REFERENCES ----