AT&T Acquires NextWave Telecom for $600,000,000

  • Feed Type
  • 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
  • Proceeds Purposes
  • 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.

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