Nextel Agrees To Pay $144M For WorldCom Wireless Assets

Worldcom (er... I mean MCI), which had already agreed to sell its wireless assets to BellSouth for $65 million, appears to have a better offer. Nextel showed up at the auction and the frenzied bidding apparently made it's way up to $144 million... in cash. They say this includes "WorldCom's wireless licenses, network equipment and leases, as well as the assumption of contracts and site and tower leases." Of course, since Worldcom paid about a billion dollars for all of this, Nextel would be getting it for about $0.14 on the dollar. Not so bad.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Name
Email	Get Techdirt’s Daily Email
URL
Subject
Comment	this is for spambots, do not use this
Options	Plain Text HTML Save me a cookie

Plain Text: A CRLF will be replaced by break tag, all other allowable HTML is intact
HTML: No formatting of any kind is done without explicitly being written in
Allowed HTML Tags: <a> <blockquote> <hr> <tt>

More Wi-Fi Handsets >>

<< Sprint PCS Offers Wireless Data Market Results

Search Techdirt Wireless

And now, a word from our Sponsors..

Subscribe to the Techdirt Wireless Newsletter

And now, a word from our Sponsors..

Nextel Agrees To Pay $144M For WorldCom Wireless Assets

Add Your Comment

Techdirt Wireless Email Newsletter