joker

NextWave Wireless: Spectrum Options for Other Operators

It is way too optimistic! The value of those spectrum is in the eye of beholder / belivers, just like the value of houses - a year ago's houses could fetch $1 million and now sitting in markets with a tag 25% down and still now takers!

So if now buyer really have to buy those spectrum immediately, WAVE will be in BIG trouble and face bankruptcy. And potential buyer, knowing the fate of WAVE, could simply wait for couple of years and after WAVE belly up, then scoop their needed spectrums cheaply.