Wireless telecom provider, NextWave Wireless, Inc. recently announced that it has retained Deutsche Bank and UBS Investment Bank to explore the sale of its extensive spectrum holdings in the United States. NextWave’s U.S. footprint covers more than 251 million people in the United States and includes major markets such as New York, Los Angeles, Chicago, San Francisco, Boston, Philadelphia, Denver, Houston, and Detroit. The company’s holdings include licenses and lease rights of 4.7 billion MHz of spectrum comprised of 154 advanced wireless service licenses in the 1.7- to 2.1-GHz band, 30 wireless communication service licenses in the 2.3-GHz band, 39 educational broadband service and broadband radio service licenses and spectrum licenses in the 2.5-GHz band. NextWave CEO and president, Allen Salmasi note, “Since the completion of the recent 700-MHz auction, we have received multiple offers for our U.S. spectrum assets.” Look for the original announcement on the NextWave website.The 700-MHz auction is history, and the big telecoms are buying up any available spectrum. What will finite supply of spectrum have on the future of wireless. Post your views at the Telecommunications Community Forum.
NextWave Wireless Moves to Sell Its U.S. Spectrum Holdings
