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NextNav Announces Closing of Agreement to Acquire Additional Lower 900 MHz Band Licenses
FCC Issued Order Granting Consent to the Assignment of 128 Active Lower 900 MHz Licenses to NextNav in June 2025 RESTON, Va.--(BUSINESS WIRE)-- NextNav Inc.
About this update from Nextnav Inc.
[{"type":"text","content":"\nFCC Issued Order Granting Consent to the Assignment of 128 Active Lower 900 MHz Licenses to NextNav in June 2025\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nNextNav Inc. (the \"Company\" or “NextNav”) [NASDAQ: NN], a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the successful closing of its previously announced agreement to acquire M-LMS A-block licenses from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. The transaction further enhances NextNav’s spectrum position and operational leadership in the Lower 900 MHz band.\n\n\nOn June 20, 2025, the Federal Communications Commission (FCC) granted its consent to the assignment of 128 active M-LMS A-block licenses to NextNav. The acquired active low band spectrum licenses are in the same Lower 900 MHz band as all of NextNav’s other licenses.\n\n\nAbout NextNav\nNextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.\n\n\nFor more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/.\n\n\nForward-Looking Statements\nThis press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s fut...