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Cingular Wireless LLC, the nation's No. 2 mobile phone carrier, cited its growth potential as it announced Tuesday that it had reached a deal to buy 34 spectrum licenses from bankrupt NextWave Telecom Inc. for $1.4 billion. The agreement must be approved by the Federal Communications Commission and the U.S. Bankruptcy Court in White Plains, N.Y., where NextWave filed for Chapter 11 protection in 1998.
August 06, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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