NextWave Wireless stockholders approved the company’s merger with AT&T, NextWave...
NextWave Wireless stockholders approved the company’s merger with AT&T, NextWave said Tuesday (http://xrl.us/bnsgvx). AT&T announced in early August it had a deal to buy NextWave, a move meant to strengthen AT&T’s position on the Wireless Communications Service band. The deal…
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may cost AT&T up to $600 million, including $550 million to retire NextWave’s debt (CD Aug 3 p1). Shareholders also approved compensation arrangements for NextWave’s current executive officers connected to the merger. Final closing on the merger remains subject to customary closing conditions, including FCC approval, NextWave said.