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NextWave Wireless Sells Subsidiary To Management Team (socalTech.com)

San Diego-based Nextwave Wireless said Friday that it has sold 75 percent of its IPWireless, Inc. subsidiary to a new entity formed by the the IPWireless senior management team. NextWave Wireless said it sold the stake to IPW Holdings, for M plus reimbursement of transaction expenses of up to 0,000. The sale is part of the firm’s earlier announcement that it will be discontinuing the …
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