Verizon Wireless to Buy NextWave Licenses
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, ending the government's long tug-of-war over the never-used licenses and bolstering Verizon against a big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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Circuit City Stores Inc. and Verizon Wireless signed an agreement to install Verizon Wireless stores in more than 570 Circuit City Superstores around the country, they said Monday.
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The Wall Street Journal is reporting that Vodafone has given Verizon Wireless the green-light to make a bid to buy Sprint. &quot;Verizon Communications Inc.
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Sprint Corp. said Wednesday it would buy mobile telephone company Nextel Communications Inc. for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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Verizon Communications Inc. VZ.N  has no imminent plans to bid for Sprint Corp. FON.N, people  familiar with the situation said on Tuesday, toppling a  potential obstacle to Sprint's $37.8 billion bid for Nextel  Communications Inc. NXTL.O.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Wednesday agreed to buy mobile telephone company Nextel Communications Inc. (NXTL.
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U.S. regulators are set to give Cingular Wireless final approval for its &#36;41 billion purchase of AT&T Wireless Services Inc.  on Monday, on condition that it sells assets including wireless airwaves in more than 16 markets, according to a source close to the deal.
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Verizon Wireless is adding to its considerable spectrum holdings with the proposed acquisition of airwaves owned by NextWave Telecom. Under terms of the agreement, Verizon will pay US&#36;3 billion for NextWave's PCS spectrum licenses in 23 U.S. markets.
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.
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(InfoWorld) - T-Mobile USA Inc. came out the biggest spender in the U.S. Federal Communications Commission's Advanced Wireless Services spectrum auction, which ended Monday. Participants bid a total of nearly US$13.9 billion on 1,087 licenses to offer 3G (third-generation) mobile services in areas across the U.S. The auction began Aug. 9 and went on for 161 rounds. The radio frequencies could be used for services including data, voice and video on mobile devices. The auction is the first of two that should roughly double the amount of radio spectrum available in the U.S. for mobile services. The FCC is also preparing to auction frequencies around 700 MHz that have been used for TV broadcasts. Moving those to mobile use could take years. T-Mobile is playing catch-up against bigger carriers in introducing 3G services. Its bidding company, T-Mobile License LLC, had the winning bids on 120 licenses and will pay almost $4.2 billion for its spectrum. All told, the licenses it won could reach almost 475 million people, a number greater than the U.S. population. There was a wide variety of licenses up for auction, ranging from local to regional coverage. The five biggest bidders, led by T-Mobile, represented the country's biggest cellular companies. Cellco Partnership, representing Verizon Wireless Inc., came in second place with $2.8 billion in bids for 13 licenses. SpectrumCo LLC, representing Sprint Nextel Corp. and cable partners, bid almost $2.4 billion for 137 licenses and Metro PCS AWS LLC bid almost $1.4 billion for eight licenses. Cingular Wireless LLC, represented by Cingular AWS LLC, came in fifth with bids of more than $1.3 billion for 48 licenses. Overall, more than half of the 104 winning bidders that participated were certified as small businesses, according to the FCC. The agency put 1,122 licenses up for auction. The unsold licenses will be made available again in a future auction. The winners need to make down payments within ten days after the FCC puts out a public notice on the close of the auction. In the same time period, they have to submit long-form applications for the licenses.
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for &#36;3 billion in cash, giving the cellular phone giant the ability to carry more calls in some of the nation's largest cities.
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Motorola Inc. said Tuesday it has signed an agreement to acquire MeshNetworks Inc., a privately held developer of wireless networks.
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for $3 billion in cash, giving the cellular phone giant the ability to carry
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NEW YORK: Verizon Wireless said on Thursday it had signed an agreement with NextWave Telecom to purchase all of its airwave licences for $3bn.
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Verizon Wireless is buying wireless spectrum licenses covering 23 U.S. markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, bolstering the cell phone company's ability to compete with the big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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November 6, 2004 -- Verizon Wireless will buy NextWave Telecom Inc.&#39;s airwaves for $3 billion, increasing capacity in New York and 22 other cities, as part of efforts to reclaim the No.
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Verizon Wireless has agreed to buy wireless spectrum licenses covering 23 US markets from bankrupt NextWave Telecom Inc. for $3 billion in a deal that would boost Verizon&#39;s capacity in several major markets.