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

To: Rono who wrote (594)	12/6/2001 10:00:15 AM
From: Rono	Read Replies (1) \| Respond to of 1088

<snip> Meanwhile, a company that participated in the 1996 C block auction has asked congressional leaders to closely scrutinize the settlement. “The dominant characteristic of the NextWave settlement is the parties’ desire for extraordinary speed in approving the settlement, while shielding it from public scrutiny and preventing review by an independent body,” Eldorado Communications LLC said in letters to the chairmen and ranking members of the House and Senate Commerce and Judiciary committees and relevant subcommittees of those panels. “We urge you to reject this attempt to dictate to the Congress and to shield the settlement from rigorous scrutiny by your committees.” The company complained that if the draft legislation is approved, “there will be no meaningful court review,” because the measure would streamline any legal challenges to the accord. The letter was signed by Will Yandell, Eldorado’s chief executive officer, and Stephen Roberts, its managing director. Eldorado won three licenses in the C block auction but said it was later forced to return them because NextWave had pushed the prices for the spectrum too high. Company officials had said they might challenge the settlement in court. <snip>