| Company type | Private |
|---|---|
| Founded | San Diego, California, United States |
| Headquarters | , U.S. |
| Parent | AT&T (2013-present) |
| Website | nextwave |
NextWave Wireless Inc. is a wireless technology company that produces mobile multimedia solutions[buzzword] and speculates in the wireless spectrum market. The company consists principally of various wireless spectrum holdings.
The company is most notable for successfully suing the U.S. government for improperly seizing its assets while under bankruptcy protection.
AT&T announced its acquisition of NextWave in 2012.[1]
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Transcription
SynapSense is a wireless company and it’s an instrumentation and control company and currently we are using wireless technology to optimize data centers for energy efficiency. SynapSense builds these devices and these devices can sense certain kinds of modalities. For instance, we can sense temperature, we can sense humidity, we can sense current, we can sense power. So, the idea is we take these devices and we’ll go to a data center and we’ll deploy these devices at different parts of the data center and then we will start to measure different aspects of the data center, as to how cold the data center is, as to how hot it is. Is the air going where it should be going, how much power is being used by the data center itself? And once we have all of this information, then we can use that to figure out what part of the data centers are optimized with respect to the cooling and power resources that it’s using. Once we have that information, we can start to figure out how we should optimize the data center, so that it uses the most optimal amount of energy. We have two sets of interactions with UC labs. The first one is LBNL and LBNL is a great resource for us. we deploy our systems in their main data center. They are at the forefront of whatever we do. In fact, our first deployment usually goes to the LBNL place and we will deploy our system there and we get incredible feedback from the LBNL community. Before we had Synapsense involved in our data center evaluation, we actually thought we had maxed out the room, that we couldn’t add any more equipment because we didn’t have enough air conditioning to cover the heat. After getting Synapsense involved, we made some improvements that actually allowed us to add 200 kilowatts more load and we are actually turning off air conditioners. There are incredible research assets in different UC’s and they are waiting to come out and they are waiting to have a large impact on the society. And I think we really – it’s our job – it’s our duty to put an effort and reach out to these assets and bring them out here at a product.
History
The company original spun out of QUALCOMM in 1995 and began life as the biggest bidder in the FCC C-Block. NextWave originally won the licenses in an auction intended for small businesses with limited resources in 1996. NextWave, which bid $4.7 billion for the licenses, made the minimum 10 percent down payment of $500 million for the spectrum.
But shortly thereafter NextWave filed for bankruptcy protection and defaulted on its payments for the licenses. The FCC, in turn, confiscated the licenses and re-sold them to Verizon Wireless and the subsidiaries of AT&T Wireless and Cingular Wireless, among others, for $17 billion in an auction that ended in January 2001.
Ultimately NextWave prevailed in the Supreme Court, 8-1, and was permitted to keep the PCS licenses. NextWave's bankruptcy protection lasted approximately ten years, during which time the asset value of the licenses had dramatically increased and NextWave was able to repay the original debt and sell their spectrum assets to Verizon Wireless, Cingular (now AT&T) and MetroPCS. They re-emerged as NextWave Wireless with $550M in capital.
The reborn company had several areas of focus: development of a 4G broadband network through its Network Solutions Group in Las Vegas, NV, development of WiMAX baseband and RF integrated circuits and related technology in its Advanced Technology Group in San Diego, CA, and accumulation of spectrum and other carrier assets both in the U.S. and internationally.
NextWave made several significant acquisitions that shaped its business and technology strategy. PacketVideo was acquired in 2005, as was a majority share in Cygnus Multimedia (a start up firm focusing on WiMax). In 2007 NextWave completed the acquisition of GoNetworks (a startup developing beamforming WiFi equipment) and IP Wireless (a UK firm that developed TD-CDMA equipment) for $100M. The IP Wireless business failed to produce expected revenue and in late 2008 it was sold back to its management team for $1M. Due to financial difficulties, NextWave was forced to shut down the GoNetworks subsidiary and the Network Solutions Group in 2008, followed by the 3-year-old Advanced Technology Group and the cessation of WiMax development in 2009.
Business Week reported on August 2, 2012 that AT&T agreed to acquire NextWave with its debt for a price of up to $600 million. AT&T wishes to use NextWave's spectrum to bolster its own.[2]
The acquisition closed on January 24, 2013.
References
- ^ "M&A: August 3, 2012". Archived from the original on October 6, 2012. Retrieved August 3, 2012.
- ^ "AT&T Agrees to Pay as Much as $600 Million for NextWave". Archived from the original on August 3, 2012.
External links
This page was last edited on 3 April 2023, at 06:02