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Article: Alaska Native Wireless Firm Seeks FCC Refund.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 9, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Paula Dobbyn, Anchorage Daily News, Alaska Knight Ridder/Tribune Business News
Jan. 9--Alaska Native Wireless wants the Federal Communications Commission to refund about $550 million the company paid last year after successfully bidding on wireless licenses now mired in the courts.
With the government holding the money interest-free, and with the licenses in limbo, Alaska Native Wireless and 12 other successful bidders are losing $3 million every week in interest payments, according to company representatives and a petition filed with the FCC. The carriers have asked the commission to return a total of $3.1 billion in down payments no later than ...