NextPhase Wireless Signs Long-Term Deal to Secure Fixed Wireless Spectrum from Nextlink
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Thursday December 13, 8:45 am ET
Transaction Provides NextPhase With Licensed Spectrum in Four U.S. Metro Markets
ANAHEIM, CA - Dec 13, 2007 - NextPhase Wireless, Inc. (OTC BB:NPHS.OB - News), a nationwide developer of WiMAX-ready networks and provider of advanced wireless broadband solutions, today announced that it has signed a long-term agreement securing licensed wireless spectrum capacity in four markets from Nextlink Wireless, Inc. ("Nextlink"), a subsidiary of XO Holdings, Inc. (OTC BB:XOHO.OB - News), and a leading provider of carrier-grade, alternative access solutions with fixed wireless spectrum covering 75 major metropolitan markets.
Under the terms of the agreement, NextPhase will have the right to use complete capacity on select bands within the fixed wireless spectrum licensed to Nextlink by the Federal Communications Commission (FCC). Specifically, the agreement provides for licensed spectrum capacity over four metropolitan BTAs (Basic Trading Areas), which include:
o Atlanta, Georgia
o Los Angeles, California
o Miami/Fort Lauderdale, Florida
o Philadelphia, Pennsylvania/Wilmington, Delaware/Trenton, New Jersey
Notwithstanding any unforeseen delays related to receiving approval of NextPhase's Long-Term Use Filing submission to the FCC, spectrum use in the Los Angeles BTA will commence on January 1, 2008. Spectrum use in the remaining three BTAs will commence pursuant to a phased roll-out plan beginning in early 2008 and continuing through the end of the year, and is subject to the Company receiving regulatory approval for each BTA, respectively.
Tom Hemingway, Chairman and COO of NextPhase, stated, "Our new relationship with Nextlink marks yet another critical step forward in our plans to further strengthen the national wireless broadband infrastructure we are systematically building to support a coast-to-coast WiMAX-ready network. Moreover, because Nextlink shares our vision for the future of wireless proliferation in this country, they are sure to become a much trusted and important ally to NextPhase as we advance our mission and achieve each important milestone ahead of us."
"This agreement allows NextPhase Wireless to leverage Nextlink's extensive portfolio of spectrum assets to quickly enter new markets and offer its customers premium broadband wireless solutions," added Robert Beran, President and CEO of Nextlink. "Additionally, this further validates the opportunity for Nextlink's fixed wireless solutions in supporting the roll-out of WiMAX networks across the country."
About Nextlink Wireless, Inc.
Nextlink, a subsidiary of XO Holdings, Inc. (OTC BB:XOHO.OB - News), provides alternative access, backhaul and diverse network solutions and services for the carrier, business and government markets. As one of the nation's largest holders of fixed wireless spectrum, Nextlink delivers high-quality, carrier-grade broadband wireless solutions that scale to meet the demands of today's converged world of communications - supporting next generation mobile and wireline voice, data and video applications. More information, visit nextlink.com.
About NextPhase Wireless, Inc.
With a mission to build a device-agnostic, WiMAX-ready, wireless broadband connectivity/content delivery platform serving all 48 contiguous U.S. states, NextPhase Wireless, Inc. is focused on delivering integrated Internet, voice, video and managed services to its fast growing customer and client base which currently numbers more than 10,000. Engaged in designing, deploying and operating its own WiMAX-ready wireless networks and providing advanced wireless technology solutions to both businesses and municipalities, the Company is currently providing wireless broadband coverage in California and Nevada and Internet Service Provider (ISP) coverage in 19 states throughout the country. For more information, please visit www.npwireless.com, www.speedfactory.com and jersey.net.
Contact:
FOR INVESTOR & MEDIA RELATIONS, PLEASE CONTACT:
Elite Financial Communications Group, LLC
Dodi Handy
President and CEO
Or
Daniel Conway
Chief Strategist
407-585-1080
or via email at NXPW@efcg.net
Source: NextPhase Wireless
