NextNav Enhances Positioning and Timing Capabilities with Strategic Spectrum Acquisition
NextNav (Nasdaq: NN) has entered into an agreement to acquire additional spectrum licenses in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. This acquisition, valued at up to $50 million, is paid through a combination of cash and NextNav common stock, significantly expanding NextNav’s spectrum portfolio by an additional 4 MHz.
By Inside GNSS