Fibertower Corp fka FBBT

[getaround2it]

Okay. So let me get this straight. AT&T* has closed its acquisition of FiberTower Corporation which is a privately held provider of spectrum and fixed wireless services, ie the new Fibertower. They had 88 licenses free and clear and there were 650 licenses in dispute. According to court documents...

(3)Pending licenses shall remain property of Debtors' pre-Effective Date Estates and subject to the continuing jurisdiction of the Bankruptcy Court pending the FCC's determination of the transfer application with respect there to.

So the FCC has now determined that they will retain 121 licenses in the 24GHz range and 50 in the 39GHz range. And now AT&T supposedly will get from Fibertower the remaining 479 licenses in the 39GHz range.

So was the court statement above essentially saying licenses will remain property of Debtors' pre-Effective Date Estates until FCC makes a determination at which time there will no longer be any jurisdiction and whatever FCC decides will be the end of BK case? Or is the court case still open until 2019?

If so it does appear this is it unless some lawsuit is filed. Hope I am wrong.