AWS Wireless, a wholly owned subsidiary of NextWave Wireless Inc., announced that on December 18, 2006 the FCC granted the Company all 154 AWS licenses it won in the AWS auction conducted by the Federal Communications Commission in August 2006.
The licenses, located in the 1.7 GHz and 2.1 GHz frequency bands, cover 63 million people and include markets such as Pittsburgh, Puerto Rico, Indianapolis, Sacramento, New Orleans, Tulsa, Little Rock, El Paso, Albany, Louisville, Sarasota, Anchorage, and Fort Myers. During the auction NextWave bid a total of $115.5 million for the 154 AWS licenses at an average price of $0.12 per MHz-POP.
“We applaud the FCC for rapidly granting our AWS licenses and look forward to working with service provider partners to use this valuable spectrum to deliver next-generation wireless broadband services to the market” said Allen Salmasi, president and chief executive officer of NextWave Wireless.
NextWave is currently developing WiMAX semiconductors, device-embedded multimedia software, and other wireless broadband technologies for mobile device and network infrastructure manufacturers and for wireless service operators. Combined with the Company’s existing 2.3 GHz and 2.5 GHz spectrum assets, the newly granted AWS licenses provide NextWave with a national spectrum footprint that covers approximately 247 million people in the U.S.
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