NextWave Wireless to Acquire Wireless Broadband Spectrum in Austria, Slovakia, and Croatia

SAN DIEGO--(BUSINESS WIRE)--NextWave Wireless Inc. (NASDAQ: WAVE), a global provider of mobile broadband and wireless multimedia products and technologies to enable Wireless 2.0, the next generation of mobile communications, today announced that Inquam Broadband GmbH, a majority-owned NextWave subsidiary, has signed a definitive agreement to acquire a 65% controlling interest in WiMAX Telecom AG.

“We look forward to working with the exceptional team at WiMAX Telecom to develop the next-generation mobile broadband solutions these markets require.”

Based in Zürich, Switzerland, WiMAX Telecom AG has obtained nationwide wireless broadband spectrum concessions in Austria and Slovakia, and a major spectrum concession in Croatia. The spectrum concessions reside in the 3.5 GHz frequency band and cover approximately 16.8 million POPs. The Austrian spectrum concession authorizes service providers to offer full mobility services. It is anticipated that regulators in Slovakia and Croatia will provide similar authorization in the future.

Country	License POPs (millions)	% Population Coverage	Spectrum
Austria	8.3	100%	49 MHz
Slovakia	5.5	100%	56 MHz
Croatia	3.0	68%	39 MHz

WiMAX Telecom operates WiMAX networks in Austria and Slovakia and currently provides wireless broadband service to 8,500 customers. The company has twice received the Best of WiMAX World award for its pioneering efforts in introducing commercial WiMAX service in Europe.

“We are very pleased with the addition of WiMAX Telecom, a true pioneer in the wireless broadband industry, to the NextWave family of companies. Our investment in WiMAX Telecom extends our European spectrum footprint which currently includes nationwide licenses in Germany and Switzerland and will create an excellent opportunity for our customers to deploy next-generation mobile broadband networks in Austria, Slovakia, and Croatia,” said Allen Salmasi, chairman and chief executive officer of NextWave Wireless Inc. “We look forward to working with the exceptional team at WiMAX Telecom to develop the next-generation mobile broadband solutions these markets require.”

Dov Bar-Gera, founder, chairman and chief executive officer of WiMAX Telecom added, “WiMAX Telecom is excited to join with Inquam and NextWave Wireless, a company that is leading the way in developing next-generation wireless broadband and wireless multimedia technologies. We are committed to working with our new partners to provide solutions for the most affordable and innovative wireless broadband services possible in these markets.”

The transaction is subject to standard closing conditions. The parties expect that the closing will occur early in the third quarter of 2007.

About NextWave Wireless

NextWave Wireless Inc. (NASDAQ: WAVE) develops next-generation wireless broadband products and technologies for mobile device and network equipment manufacturers and for wireless service operators. The Company’s products and technologies are designed to make wireless broadband faster, more reliable, more accessible and more affordable. Through its NextWave Broadband subsidiary, the Company is developing a family of semiconductor and network component products based on WiMAX and Wi-Fi technologies. Its PacketVideo subsidiary provides device-embedded multimedia software for mobile phones and converged devices to many of the largest wireless carriers and handset manufacturers in the world. Its GO Networks subsidiary offers commercial and municipal service providers around the globe with carrier-class, mobile Wi-Fi systems optimized for wide-area deployment. Its IPWireless subsidiary is a global provider of TD-CDMA based mobile broadband and mobile broadcast products and technologies. NextWave has obtained a licensed spectrum footprint in the U.S. that covers over 248 million people and nationwide WiMAX spectrum in Germany and Switzerland through a majority-controlled joint venture. The Company intends to make its spectrum available to service providers looking to deploy next-generation wireless broadband networks that utilize NextWave’s advanced wireless broadband products and technologies. Visit NextWave Wireless at www.nextwave.com.

About Inquam Broadband

Inquam Broadband was formed in 2006 for the purpose of investing in and operating wireless broadband assets in Europe. A majority-owned subsidiary of NextWave Wireless, Inquam has acquired nationwide wireless broadband license concessions in Germany and Switzerland. Inquam Broadband is headquartered in Cologne, Germany.

About WiMAX Telecom

Located in Zürich, Switzerland, WiMAX Telecom is a European wireless broadband service provider with 3.5 GHz spectrum assignments in Austria, Slovakia and Croatia. WiMAX Telecom has deployed WiMAX networks in Austria and Slovakia and currently serves 8,500 customers. In addition to high-speed mobile broadband services, the company’s Austrian network also provides customers with Voice-over-IP (VoIP) telephony. WiMAX Telecom has twice received the Best of WiMAX World award. The company was founded in 2004 and currently has 60 employees. Visit WiMAX Telecom at www.wimax-telecom.net

Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted or from any other forward-looking statements made by, or on behalf of, NextWave, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially are discussed in greater detail in the filings of NextWave with the Securities and Exchange Commission. All such documents are available through the SEC’s website at www.sec.gov. NextWave makes no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law.