NextWave Wireless Sells Majority Stake in its IPWireless Inc. Subsidiary to IPW Holdings Business Editors (INO News)
(AP:SAN DIEGO–) (BUSINESS WIRE) _ Dec. 26, 2008– NextWave Wireless Inc. (NASDAQ: WAVE) announced that it has sold a 75% stake in its IPWireless, Inc. subsidiary (“IPWireless”) to IPW Holdings, an entity formed by the senior management team of IPWireless, for million plus the reimbursement of NextWave’s transaction expenses up to 0,000. In addition, the employees of IPWireless have waived …
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Posted: December 27th, 2008 under wireless.
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