NextWave challenged the FCC and took its case all the way to the U.S. Supreme Court.
FORBES: Lights Out As LightSquared Files For Bankruptcy
NextWave holds licenses in the Wireless Communication Services (WCS) and Advanced Wireless Service (AWS) bands.
ENGADGET: AT&T agrees to acquire NextWave for $600 million, gobbles up WCS and AWS spectrum
The company said the debt will be satisfied through a combination of cash and selected NextWave assets.
FORBES: AT&T To Buy NextWave Wireless In $600 Million Deal
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