AT&T Acquires NextWave Telecom for $600,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2aa6507b-991d-4153-a90b-ada5d9347871&Preview=1 -
Date
8/2/2012 -
Company Name
NextWave Telecom -
Mailing Address
12264 El Camino Real San Diego, CA 92130 -
Company Description
We see a world where the vast wealth of global information and multimedia entertainment is always in reach. -
Website
http://www.nextwave.com -
Transaction Type
M&A -
Transaction Amount
$600,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
Under the terms of the agreement, AT&T will acquire all the equity of NextWave for approximately $25 million plus a contingent payment of up to approximately $25 million and, through a separate agreement with NextWave’s debtholders, all of the company’s outstanding debt will be acquired by AT&T or retired by NextWave, for a total of $600 million in cash. The outstanding debt held by NextWave’s bondholders will be satisfied through cash and a transfer of selected NextWave assets.
