Nextwave Wireless (fka WAVE)

[revlis]

NextWave Announces Voting Results of Special Meeting

SAN DIEGO--(BUSINESS WIRE)--

On October 4th, 2010, NextWave Wireless Inc. (OTCQB:WAVE) (the “Company”) announced the voting results of its special meeting of stockholders held on October 1, 2010. Stockholders of record on the record date, August 10, 2010, were entitled to vote at the special meeting.

At the special meeting, the Company's stockholders approved with the requisite vote the proposal to adopt and approve the stock purchase agreement dated July 30, 2010, by and among the Company, NextWave Broadband Inc., a wholly-owned subsidiary of the Company (“NextWave Broadband”), PacketVideo Corporation, a majority-owned subsidiary of NextWave Broadband (“PacketVideo”), and NTT DOCOMO, INC. (“DOCOMO”), and authorize the transactions contemplated thereby, including the sale by NextWave Broadband of all of the shares of common stock of PacketVideo owned by it to DOCOMO for $111.6 million.

The exact tally of the votes is included in a Current Report on Form 8-K filed today by the Company with the Securities and Exchange Commission.

The proposed transaction is expected to close within approximately five business days, subject to completion of customary closing conditions and deliverables.

About NextWave Wireless

NextWave Wireless Inc. is a wireless technology company that manages and maintains worldwide wireless spectrum licenses.

http://www.benzinga.com/press-releases/10/10/b505357/nextwave-announces-voting-results-of-special-meeting