Full Description

NextWave Wireless Inc. (NextWave) is a holding company engaged in wireless technology that develops, produces, and markets mobile multimedia and consumer electronic connectivity products, including device-embedded software for mobile handsets, client-server media platforms, media sharing software for consumer electronics and pocket-sized mobile broadcast receivers, and manages and maintains wireless spectrum licenses. The Company’s customers include handset and wireless service providers. NextWave has two segments: Multimedia, consisting of the operations of its wholly owned subsidiary PacketVideo Corporation (PV) and Strategic Initiatives, focused on the management of its wireless spectrum interests. In April 2008, the Company acquired Southam Chile SA and Sociedad Televisora CBC Limitada, (collectively, Southam Chile). On December 24, 2008, NextWave sold its IPWireless subsidiary to IPW Holdings, Inc.

PV develops, produces, and markets advanced mobile multimedia and consumer electronic connectivity product solutions, including embedded software for mobile handsets, client-server platforms for mobile media applications, such as music and video, and software for sharing media in the connected home.

Multimedia Segment

PV supplies multimedia software and services to some of the network operators and wireless handset manufacturers. These companies in turn use PV platform to offer music and video services on mobile handsets, under their own brands. It offers software products for use on personal computers (PCs), consumer electronics, and other devices in the home. PV’s customers include Fujitsu, HTC, Motorola, Nokia, Panasonic, Samsung, Sharp, Sony Ericsson, Orange, NTT DoCoMo, Rogers Wireless, TeliaSonera, TELUS Mobility, Verizon Wireless, and Vodafone India. It also provides software for home consumer electronics products to companies, such as Buffalo, Cisco Linksys, Denon, Hewlett-Packard, Panasonic, Philips, Siemens, Yamaha, and Western Digital.

PV is a provider of multimedia software and services. Its software transforms a mobile phone or other mobile device into a multimedia device that allows people to stream, download, and play video and music, receive live television, or engage in two way video telephony. For mobile device manufacturers, shorter product cycles, and increasing demand for advanced technologies are driving collaboration with third party solution providers, such as PV, to aid their product development. PV’s device-embedded software solutions are based on a modular architecture to enable rapid integration with the industry’s hardware platforms and operating systems. In February 2009, PV announced the release of OpenCORE 2.0.

Strategic Initiatives Segment

The strategic initiatives business segment is engaged in the management of its global wireless spectrum holdings. Various spectrums the Company has acquired includes WCS Spectrum, BRS and EBS Spectrum, AWS Spectrum, and International Spectrum. As of December 27, 2008, the total spectrum holdings consisted of approximately ten billion MHz POPs. The United States spectrum portfolio consists of four billion MHz POPs, which cover approximately 220.4 million POPs, of which 118.2 million POPs are covered by 20 MHz or more of spectrum, and an additional 87.2 million POPs are covered by at least 10 MHz of spectrum. The domestic spectrum resides in the 2.3 GHz Wireless Communication Services (WCS), 2.5 GHz Broadband Radio Service (BRS)/Educational Broadband Service (EBS), and 1.7/2.1 GHz AWS bands and offers propagation and other characteristics suitable to support mobile broadband services. Its international spectrum holdings consist of 5.9 billion MHz POPs, which cover 145 million POPs, including nationwide 3.5 GHz licenses in Austria, Croatia, Germany, Slovakia, and Switzerland; a nationwide 2.0 GHz license in Norway; 2.3 GHz licenses in Canada, and 2.5 GHz licenses in Argentina and Chile.

The Company competes with Nokia, Samsung, LG, Sony Ericsson, Motorola, Apple, RIM, HTC, Palm, Adobe, Microsoft, MobiTV, NXP Software, Real Networks, Sasken, Streamezzo, SurfKitchen, UIEvolution, Sony, Cisco Linksys, Panasonic, Macrovision, Monsoon Multimedia, the Orb, and Real Networks.