NextWave receives $2.5 billion in debt financing
UBS Warburg has committed to providing NextWave $2.5 billion in debt financing that will fund the construction of the carrier’s third-generation CDMA2000 wireless network. The firm also will serve as NextWave’s financial advisor and assist in completing its reorganization plan.
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This development comes just weeks after NextWave filed and announced its plan of reorganization, which currently is pending before the Federal Bankruptcy Court of the Southern District of New York.
--Kelly Carroll
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© 2012 Penton Media Inc.
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