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Stock impact report

NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

NextNav Inc. (NN) 
Company Research Source: Yahoo! Finance
MCLEAN, Va., March 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav's fourth quarter and full year ended December 31, 2023. Mariam Sorond, NextNav CEO stated, “It's been an incredible first 100 days as the CEO of NextNav. I have met directly with our team and partners and see the potential to explore options to enhance our next generation PNT technology through optimized use of our valuable spectrum asset. In line with this strategy, we recently signed an exciting agreement to acquire additional spectrum licenses covering 4 MHz in the lower 900 MHz band. Following close, this significant transaction will bring NextNav's combined spectrum assets, including its existing 8MHz of contiguous 900 MHz spectrum, to a total of 3.5 billion MHz-PoPs of low band spectrum. PNT powered by low-band spectrum with optimized use i Show less Read more
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