NextWave Wireless to Aquire IPMobile
NextWave Wireless announced that it has signed a definitive agreement to acquire all shares of IPMobile held by Mori Trust Co., Ltd., of Japan. Upon closing of the transaction, NextWave will hold a 69.2% stake in IPMobile. The agreement is subject to required government approvals. IPMobile has been working with IPWireless towards a commercial launch of a TD-CDMA wireless broadband network by November of this year. Terms of the agreement were not disclosed.