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To: Raymond Duray who wrote (5151)	3/12/2002 9:50:26 PM
From: ftth	Read Replies (1) \| Respond to of 46821

NextWave Telecom's Twisted Tale By Joanna Glasner and Elisa Batista 2:00 a.m. March 12, 2002 PST Depending on whom you listen to, NextWave Telecom is: A) A group of scheming entrepreneurs squatting on a multi-billion dollar government asset who are motivated by little else than the desire to line their own pockets at the public's expense. Or, B) A forward-thinking telecommunications company that has been woefully mistreated at the hands of a government bureaucracy bent on terminating its lawfully obtained right to use the public airwaves. On the "A" side is the Federal Communications Commission, which has been arguing for years that NextWave, a company best known for bidding billions for wireless telecommunications licenses and then declaring bankruptcy, should give up its claims to the public airwaves. On the "B" side is NextWave itself, which says the government violated bankruptcy laws when it reclaimed a valuable block of spectrum licenses that the company won at an auction but failed to pay for on time. continued at: wired.com