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Jul. 26--WASHINGTON--Three Alaska Native corporations and other big bidders in a $17 billion wireless auction -- the results of which were overturned by an appeals court -- are urging the government to settle the matter so they can keep their wireless licenses.
The companies, which won the licenses in an auction that finished in January, laid out steps Wednesday that federal officials can take so that the U.S. Treasury still gets a sizable share of the auction money and other parties are compensated.
That includes cutting a deal with NextWave Communications, the company that originally won the licenses for $4.7 billion several years ago but then went bankrupt and could not pay for them.
The Federal Communications Commission took the licenses back and resold them this year. Companies like Verizon Wireless, VoiceStream Wireless and Alaska Native Wireless, which has ties to AT&T, shelled out billions for the frequencies so they could boost their coverage in big cities.
But an appeals court ruled in June that the FCC shouldn't have revoked NextWave's licenses, saying they were protected by bankruptcy laws. That threw into disarray the results ...