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To: Eric L who wrote (13235)	7/2/2001 12:58:53 PM
From: Eric L	Read Replies (1) \| Respond to of 34857

re: The NextWave Saga Chronology >> Wireless Saga Unfolds USA Today 07/02/2001 1993: Congress authorizes the FCC to auction wireless spectrum licenses and instructs it to allocate some licenses to small businesses. 1996: NextWave submits high bids totaling $4.8 billion for 95 licenses, which were later divided. June 1998: Unable to pay the FCC, NextWave files for Chapter 11 protection. December 1999: NextWave modifies its bankruptcy reorganization proposal after several high-profile investors, including Global Crossing and Liberty Media, give it $1.6 billion, which would help it build its advanced wireless network. FCC eventually rejects the offer. December 1999: Nextel prepares - but never makes - a hostile $8.3 billion takeover bid for NextWave. Jan. 12, 2000: The FCC cancels NextWave's licenses and announces it will re-auction them in July 2000. Jan. 13, 2000: NextWave announces it will challenge the FCC's move. February 2000: Bankruptcy court rejects FCC cancellation of NextWave licenses. February 2000: Federal appeals court overturns bankruptcy court decision. January 2001: The FCC completes auction of NextWave licenses for about $16 billion. June 22, 2001: The U.S. Court of Appeals for the District of Columbia rules the government wrongfully seized and re-auctioned NextWave's licenses. Sources: NextWave and USA TODAY research << - Eric -