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Forums » FCC: $2.2 billion Spectrum Bonanza » Frequencies/Markets?
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fgoldstein

join:2003-01-21
Newton Highlands, MA
·RCN CABLE

Re: Frequencies/Markets?

These were all PCS licenses, mostly C-block (a few Fs). NextWave bid crazy-high prices at the C-block auction in 1996 or so, and then defaulted before paying for them, declaring bankruptcy. It's a long, long story but this was part of the settlement. VZW picked up the rest of NextWave's remaining licenses last year in a private deal, I think with some of the money going to the FCC (well, the treasury really).
permalink · 2005-02-16 00:36:08 · Reply to this

Matt
Take me down to the paradise city
Premium
join:2003-07-20
Jamestown, NC
·North State Commun..

Re: Frequencies/Markets?

said by fgoldstein See Profile:

These were all PCS licenses, mostly C-block (a few Fs). NextWave bid crazy-high prices at the C-block auction in 1996 or so, and then defaulted before paying for them, declaring bankruptcy. It's a long, long story but this was part of the settlement. VZW picked up the rest of NextWave's remaining licenses last year in a private deal, I think with some of the money going to the FCC (well, the treasury really).
That's what I was looking for. Thanks!
permalink · 2005-02-16 09:11:46 · Print · Reply to this
Forums » FCC: $2.2 billion Spectrum Bonanza« Oh. oh  

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