Monday, April 9, 2007

UPDATE 2-NextWave Wireless to buy IPWireless

(Reuters) - NEW YORK, April 9 - NextWave Wireless Inc. said it will buy privately held IPWireless Inc. for about $100 million in cash and stock, giving it technology to support a new generation of mobile broadband networks.

NextWave, a wireless technology developer and owner of wireless airwaves, said it could pay another $135 million in cash and stock based on the achievement of certain revenue milestones in 2007 to 2009.


Read more at Reuters.com Mergers News

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