They'll keep $6 billion of the $16 billion price tag set Nov. 15. At least $396 million goes to founder Allen Salmasi, who started NextWave with $5 million of his own money in 1996.


A handful of NextWave employees, lawyers, bankers, and advisers will share securities valued at about $120 million.

...And One Loser


The carriers will pay about $10 billion to the U.S. government, which first auctioned licenses to NextWave for $4.7 billion in 1997. But following NextWave's bankruptcy in 1998, the FCC auctioned the licenses again for $16 billion, which NextWave contested.

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