“The sale of our AWS spectrum is just the first step in maximizing the value of our spectrum portfolio. We will continue to monetize our remaining spectrum assets in the U.S. and are working with Deutsche Bank and UBS Investment Bank to achieve our spectrum sale objectives.” These are the words of Mr. Allen Salmasi, chief executive officer and president of NextWave Wireless.

The remaining U.S. spectrum assets of NextWave include 2.8 billion MHz-pops of 2.3 GHz WCS spectrum, 972 million MHz-pops of 2.5 GHz BRS/EBS spectrum, and 348 million MHz pops of AWS spectrum. Moreover, the company also has 5.9 billion MHz-pops of spectrum in Europe, Canada, and South America.

NextWave broadcasted last April 2008 that it had maintained Deutsche Bank and UBS Investment Bank to sell its U.S. spectrum assets. The company also maintained Canaccord Adams to vend its Canadian spectrum assets.