SAN DIEGO, CA – Dec 19, 2012 –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 “Merger”).
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 final order.
