The 800 MHz Transition Administrator recommended that the...
The 800 MHz Transition Administrator recommended that the FCC delay from July 1 to Dec. 31 the “true up” date for calculating whether Sprint Nextel owes the government a windfall payment as part of the 800 MHz transition. When the…
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commission approved its landmark 800 MHz rebanding order in 2004, it required Nextel, pre-merger with Sprint, to pay the full value of the 10 MHz national spectrum license it got as part of the rebanding agreement. The FCC set the value of the license at $4.8 billion and the value of spectrum that Nextel would contribute as part of the rebanding at $2 billion. That left $2.8 billion in costs for Nextel to cover. Sprint’s rebanding costs continue to mount since the commission’s last True-Up Deferral Order in December, the TA said. “With respect to cash expenditures, Sprint Nextel has reported to the TA that as of December 31, 2012, it had incurred, on a cash basis, approximately $1,672.5 million in total incumbent licensee reconfiguration costs, including replacement equipment, and approximately $342.6 million for its internal costs,” the TA said (http://bit.ly/13pEbbL).