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FCC and wireless carriers settle over licences
Posted: 27-Oct-2001 [Source: FT]

[Expected payments following a final agreement expected to be signed Monday is US government $10bn, Next Wave $5bn.]

by Stephanie Kirchgaessner, New York -- "The legal battle between telecoms carriers and the Federal Communications Commission over $16bn in wireless licences looked to be coming to a close on Friday, as the parties reached a final settlement that would leave the US government with at least $10bn.

"A final agreement was being drafted on Friday and could be signed as early as Monday, according to a person close to the negotiations.

"Legislation ensuring that the finality of the resolution, a condition to the negotiations that was demanded by Verizon Wireless and other carriers, was also being drafted on Friday.


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