NextWave Telecom, Inc.
Proposed Ticker: SURF
Exchange: NASDAQ-National Market San Diego, California
Industry: Service

All share information is proposed
Type of Shares:Series B Common Shares Filing Date:6/10/96
U.S. Shares Filed:0 Filing Price: -
Non-U.S. Shares Filed:0 Offering Amount: $300,000,000
Primary Shares:0 Expenses: -
Secondary Shares:0 Shs Out After:

ManagerTierPhone
Merrill Lynch & Co.Lead Manager (212) 449-4600
Baring Securities Inc.Co-manager (212) 350-7700
Bear, Stearns & Co. Inc.Co-manager (212) 272-2000
Lehman Brothers IncorporatedCo-manager (212) 640-6129
Prudential Securities IncorporatedCo-manager (212) 214-3000

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
Revenue:Assets:
Net Income:Liabilities:
EPS:Equity:

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company provides wireless telephone services. The company was one of the most aggresive bidders for federal licences in prior auctions. The company has the potential to be the nation's third largest wireless company behind only AT&T; and Sprint.

Use of Proceeds
The proceeds from the proposed offering will be used to finance preliminary work on its network, make payments on its newly acquired licenses, and to redeem debt.

Last updated: 10/28/96

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