NextWave's Twisted Tale

from the no-one-wins dept

A few weeks ago we posted an article that summarized the NextWave mess. Now, here’s another Wired article that goes into even more detail about how NextWave and the FCC got into this mess. I’ve been following this story for a little while now, and I have to say that I think that pretty much everyone screwed up in some way. It’s easy to understand how the blame could be placed on the FCC (who did a horrible job running the auctions, auctioned too much spectrum, and appears to have broken bankruptcy law). At the same time, NextWave doesn’t seem particularly innocent (they overbid for spectrum they couldn’t afford, haven’t done a damn thing to actually use that spectrum for customers, and instead have spent all their money on lobbyists and lawyers).

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