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Stock impact report

NextNav Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband Services [Yahoo! Finance]

NextNav Inc. (NN) 
Company Research Source: Yahoo! Finance
Innovative Spectrum Solution Supports NextGen PNT Technology with 5G Broadband MCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, timing (“PNT”) and 3D geolocation, today filed a rulemaking petition asking the Federal Communications Commission (“FCC”) to deliver an innovative spectrum solution in the Lower 900 MHz band (902-928 MHz band). The petition proposes rearranging the band to facilitate a terrestrial PNT network and broadband. Filed today, the petition specifically asks the FCC to reconfigure the band plan and adopt new rules to: Enable a high-quality terrestrial complement and backup to the Global Positioning System (“GPS”) on which the nation relies for essential PNT services. Provide 15 megahertz of low-band spectrum for use by mobile broadband networks. “We have the chance to do something exciting with our airwaves. This new vision for the Lower 900 MHz band unlea Show less Read more
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