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JUNE 29, 2001

Three Alaska Native Corporations who purchased $2.9 billion worth wireless-spectrum licenses as part of a joint venture with AT&T may be affected negatively by a recent federal appeals court ruling.

The District of Columbia Court of Appeals last Friday ruled that the FCC illegaly confiscated the licenses from another company. The Alaska Native Corporations, who put $95.5 million into the deal, are now worried their rights may be affected.

Get the Story:
Native firms' venture into wireless in doubt (The Anchorage Daily News 6/29)

Get the Decision:
NEXTWAVE PERSONAL COMMUNICATIONS INC. v. FED. COMMUNICATIONS COMM'N, No 00-1402 (D.C. Cir June 22, 2001)