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Wireless Firms Seek Probe of NextWave Eligibility
Posted: 20-Jul-2001 [Source: Reuters]

[An FCC probe has been requested into Next Wave's eligibility to hold 3G licenses recently returned following a legal battle.]

by Jeremy Pelofsky, Washington -- "Three mobile telephone companies asked federal regulators on Thursday to probe whether NextWave Telecom Inc. still meets eligibility requirements to hold wireless licenses it recently won back in a legal fight, a new challenge in their battle to win the coveted airwaves.

"An appeals court ruled last month that the Federal Communications Commission (news - web sites) violated bankruptcy laws when it tried to repossess the licenses from NextWave (NXLC.PK) because of its failure to make timely payments.

"The FCC (news - web sites) had already resold those licenses earlier this year for about $15.9 billion to companies. Three of them, Verizon Wireless, VoiceStream Wireless, a unit of Deutsche Telekom AG (DTEGn.DE), and Alaska Native Wireless, which has ties to AT&T Wireless Services Inc. (NYSE:AWE - news) sought the FCC probe Thursday.


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