SAN DIEGO -- (Business Wire)
NextWave Wireless Inc. (OTCQB: WAVE) (the “Company” or “NextWave”) today
announced that the Federal Communications Commission (the “FCC”) has
approved the transfer of control of the NextWave entities holding
Wireless Communications Service (“WCS”) and Advanced Wireless Services
(“AWS”) spectrum licenses to AT&T Inc. This approval represents the last
remaining regulatory approval required to be obtained under the
Agreement and Plan of Merger, dated as of August 1, 2012 (the “Merger
Agreement”), by and among the company, AT&T Inc. and its direct wholly
owned subsidiary, Rodeo Acquisition Sub Inc. (“Merger Sub”), pursuant to
which the company will merge with and into merger sub with the company
surviving as a direct or indirect wholly owned subsidiary of AT&T Inc.
The closing of the merger is expected to occur in the first quarter of
2013, subject to the satisfaction or waiver of all closing conditions
under the merger agreement, including that the FCC approval has become a
About NextWave Wireless
NextWave Wireless Inc. is a wireless technology company that manages and
maintains wireless spectrum licenses.
This press release contains forward-looking statements for purposes of
the Private Securities Litigation Reform Act of 1995 that involve risks
and uncertainties. There can be no assurances that forward-looking
statements will be achieved. Actual events or results could differ
materially from the events or results predicted by such statements.
Important factors that could cause actual events or results to differ
materially, include but are not limited to, the satisfaction of the
conditions to the closing of the merger, and other factors that are
discussed in greater detail in the filings of NextWave with the
Securities and Exchange Commission. All such documents are available
through the SEC’s website at www.sec.gov.
NextWave makes no commitment to update any forward-looking statements in
order to reflect subsequent changes in events or circumstances except as
may be required pursuant to applicable law.
NextWave Wireless Investor Relations
Chief Financial Officer
Wireless Public Relations
Source: NextWave Wireless
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