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 : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (1221)	2/1/2002 12:57:15 AM
From: pcstel	Read Replies (1) \| Respond to of 2737

FCC to keep deposit money until Supreme Court rules WASHINGTON—The Federal Communications Commission has decided to keep deposits from the re-auction winners of the PCS C- and F-block licenses of bankrupt NextWave Telecom Inc. and Urban Comm-North Carolina Inc. rcrnews.com *C AND F BLOCK BROADBAND PCS SPECTRUM AUCTION SCHEDULED FOR NOVEMBER 29, 2000, RESCHEDULED FOR DECEMBER 12, 2000 REVISED LIST OF AVAILABLE LICENSES* E. Clarification of Payment Issue Relating to Licenses Subject to Pending Proceedings As noted above, potential bidders should be aware that certain of the licenses included in Auction No. 35 are or may become the subject of Commission or judicial proceedings initiated by parties claiming to have continuing interests in the licenses, despite their failure to meet payment obligations. This Public Notice clarifies that the Commission will return the payments made by winning bidders of licenses in Auction No. 35 in the event that such bidders are subsequently required to surrender licenses won to prior applicants or license holders as a result of final determinations reached in pending proceedings. The Commission, however, will not pay interest on the returned payments as it lacks legal authority to do so. Including contested licenses in the auction helps to fulfill the Commission’s statutory mandate to hasten the development and deployment of new technologies and services and to promote competition for the benefit of the public. Returning payments to winning bidders if licenses won are later determined to be unavailable due to subsequent resolution of other proceedings furthers these vital public interest goals by reducing uncertainty in the licensing process and encouraging auction participants to bid on licenses regardless of whether they are subject to pending proceedings. Retaining payments under the circumstances could have a chilling effect on participation in Auction No. 35 and would therefore undermine our efforts to encourage more efficient use of the spectrum. We note that winning bidders of licenses subject to pending proceedings are still required to meet the normal payment and construction schedules established by the Commission. wireless.fcc.gov PCSTEL

To: pcstel who wrote (1221)	2/2/2002 10:59:12 AM
From: pcstel	Respond to of 2737

Upon revisiting the post I wrote earlier it appears that non of the links to the Michigan property buildout work anymore? They seemed to work when I tested them before publishing the post. Anyway.. Here is the page that include the "Required Notification" for the Michigan C Block properties At the very bottom you will find links to pdf files which will provide the documentation I referenced. KNLF500 Buildout KNLF505 Buildout KNLF516 Buildout KNLF523 Buildout KNLF528 Buildout wtbwww05.fcc.gov:80/default.sph/UlsQueryApp.exe?FNC=from_app_list__Aapp_list_results_html___1009396.0 PCSTEL