NextNav Seeks FCC Permission to Reorganize as It Builds Public Safety Network
NextNav Holdings sought special temporary authority from the FCC to complete an internal reorganization while its application for the pro forma transfer of control of its wholly owned subsidiary Progeny is pending. Under the reorganization, NextNav Intermediate HoldCo would be…
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created between NextNav and Progeny as NextNav seeks control of 226 licenses in the 900 MHz multilateration location and monitoring service band now held by Progeny, said a filing posted Thursday by the FCC. “Approval of this STA would serve the public interest because it would assist NextNav and Progeny in completing the construction of their highly accurate wireless vertical location network to serve the needs of public safety,” the filing said: “The proposed restructuring would have no adverse effects on the public interest because Progeny’s ultimate controlling parties would not change.”