|NextWave group winner in German spectrum auction|
Posted: 15-Dec-2006 [Source: NextWave Wireless]
[A joint venture group between NextWave Broadband, BFD Mobile Radio Partners, and Omnia LTD. has been declared the winner of 29 Broadband Wireless Access (BWA) licenses covering 100% of the German population at a cost of $23.1 million.]
San Diego -- Inquam Broadband Holdings Ltd., a joint venture between NextWave Broadband Inc., BFD Mobile Radio Partners, and Omnia Ltd. today announced it has been declared the winner of 28 Broadband Wireless Access (BWA) licenses, covering 100% of the German population, at the recently concluded BWA spectrum auction conducted by BNetzA, the German regulatory authority for telecommunications. Inquam Broadband acquired the licenses, located in the 3.5 GHz frequency band, at a cost of $23.1 million or approximately seven tenths of a cent per MHz-POP.
"We are very happy that Inquam Broadband was able to win licenses in all 28 German regions which together cover over 82.5 million people. These licenses, each of which provides 42 MHz of spectrum, are ideal for delivering next-generation, WiMAX based, wireless broadband services," said Allen Salmasi, president and chief executive officer of NextWave Wireless Inc. "As a global provider of enabling wireless broadband technologies and solutions, we look forward to working with our Inquam partners to introduce new and innovative wireless broadband services throughout Germany."
Inquam Broadband was formed in January 2006 for the purpose of investing in and operating wireless broadband assets in Germany. Its partners, including Omnia Holdings Ltd., which controls the Zapp mobile broadband networks in Portugal and Romania, all bring substantial wireless experience to the joint venture.
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