3Q loss widens for NextWave, while revenue jumps

NextWave widened its loss in the third quarter to $91.7 million, compared with a loss of $24.6 million in the same period 2006. The majority of the loss, about 40 percent, was attributed to its acquisition and integration of WiFi vendor Go Networks and IPWireless, the maker and licensee of TD-CDMA equipment, during the first half of 2007. NextWave said it expects to realize improved contributions from these businesses in the future resulting from the achievement of operating efficiencies, improved margin contributions and the one-time nature of approximately $11.2 million of these charges.

NextWave's PacketVideo subsidiary was largely responsible for a jump in revenues, which increased 166 percent compared with the third quarter 2006. Revenues came in at $17.8 million due to continued growth in mobile device software royalties along with increased sales of TD-CDMA equipment and end-user devices. NextWave said IPWireless has shipped more than 600 TD-CDMA base stations to t-Mobile in the Czech Republic.

NextWave has a mission of making spectrum available to companies that want to enter the mobile broadband space and use its products and technologies, including WiMAX and TD-CDMA. It acquired IPWireless, the maker of TD-CDMA, for $99.6 million and purchased a 65-percent controlling stake in WiMAX Telecom AG through its Inquam Broadband GmbH subsidiary. It also is developing its first-generation WiMAX chipset.

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