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5.84795321637362E-05 5.84795321637362E-05 0.00146198830409354 -0.00219298245614043 -0.00694444444444449 -0.00767543859649126 0.00438596491228061 0.000730994152046768
Stock impact report

NextNav Closes Acquisition of Additional Lower 900 MHz Band Licenses to Enhance 3D PNT Solution [Yahoo! Finance]

NextNav Inc. (NN) 
Company Research Source: Yahoo! Finance
the successful closing of an agreement to acquire additional Lower 900 MHz band licenses. The licenses were acquired from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. This transaction enhances NextNav's spectrum position and operational leadership within the Lower 900 MHz band. This closing followed an earlier action by the Federal Communications Commission/FCC. Specifically, on June 20 this year, the FCC issued an order granting its consent to the assignment of 128 active M-LMS A-block licenses to NextNav. These acquired active low-band spectrum licenses operate in the same Lower 900 MHz band as all of NextNav's existing licenses. NextNav Closes Acquisition of Additional Lower 900 MHz Band Licenses to Enhance 3D PNT Solution By using this licensed low-band spectrum and the global 5G ecosystem, NextNav is positioned to deliver an accurate, reliable, and resilient 3D PNT solution. The solution is intended to act as a wide-scale terrestrial complement and backup t Show less Read more
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