NextNav To Acquire Additional Lower 900 MHz Band Spectrum Licenses
NextNav Inc. (NN)
Company Research
Source: GlobeNewswire
New Licenses Cover an Additional 4 MHz in the lower 900 MHz Band NextNav’s Combined Spectrum Portfolio will Total 3.5 billion MHz-PoPs at Close MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation. NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock. The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum. “We are excited to add additional spectrum licenses to our portfolio and following the close of this significant transaction, NextNav’s combined assets will total 3.5 billion MHz-PoPs of low b
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News
- NextNav Announces Date for First Quarter 2024 Earnings Call [Yahoo! Finance]Yahoo! Finance
- NextNav Announces Date for First Quarter 2024 Earnings CallGlobeNewswire
- NextNav Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband Services [Yahoo! Finance]Yahoo! Finance
- NextNav Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband ServicesGlobeNewswire
- NextNav Inc. Announces 2024 Annual Meeting of Stockholders [Yahoo! Finance]Yahoo! Finance
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Earnings
- 11/8/23 - Miss
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Sec Filings
- 4/30/24 - Form 144
- 4/29/24 - Form 144
- 4/26/24 - Form 144
- NN's page on the SEC website