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story category FCC: $2.2 billion Spectrum Bonanza
Finally unloads Nextwave spectrum
(old news - 04:02PM Tuesday Feb 15 2005)
tags: fcc · wireless
The FCC today completed the auction of 242 wireless licenses for a whopping $2.2 billion. Verizon Wireless and a partner collectively won 63 licenses after bidding nearly $697.4 million. A big part of the sale were the licenses the FCC received from defunct carrier Nextwave as part of a bankruptcy settlement.

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Forums » FCC: $2.2 billion Spectrum Bonanza
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vonsen
Just Because
Premium
join:2005-01-06

Oh. oh

I guess our monthly bills will be going up now

--
                                                                   six stars shy

DanHo
Hugh Johnson
Premium
join:2002-05-20
Seattle, WA
·Comcast

Re: Oh. oh

said by vonsen See Profile:

I guess our monthly bills will be going up now
Shouldn't be. This money was earmarked for the spectrum by Verizon a few years ago.
--
»mvm.removed.us/

xdeadhead
220, 221, Whatever It Takes.
Premium
join:2000-11-08
Mechanicsburg, PA

Re: Oh. oh

yes, but the mci purchase wasnt.

MikeRaach

join:2000-12-05
Martinez, CA

said by vonsen See Profile:

I guess our monthly bills will be going up now
Expecially becuase...can we sign Monolopyly Monoloply...Monlopopoolooply...
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Come get free stuff at freestuffnation.com

Matt
Quitting Caffeine - Argh
Premium
join:2003-07-20
Jamestown, NC

Frequencies/Markets?

Does anyone know which frequencies and which markets they were purchased in?

SkyHawkLive

@cox.net

Re: Frequencies/Markets?

I think the wireless market mostly, some older paging frequences, and those at or around the 800Mhz public safety band. One could check out »www.fcc.gov/auctions they might have further info.

SkyHawkLive

@cox.net

Re: Frequencies/Markets?

»wireless.fcc.gov/auctions
fgoldstein

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

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).

Matt
Quitting Caffeine - Argh
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!
Forums » FCC: $2.2 billion Spectrum Bonanza


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