GPS World: NextNav Enhances Positioning and Timing Capabilities

GPS World shared NextNav’s recent announcement to acquire additional spectrum licenses.

“NextNav has entered an agreement to acquire additional spectrum licenses in the lower 900 MHz band (902 MHz to 928 MHz) from Telesaurus Holdings and Skybridge Spectrum Foundation. This acquisition, valued at up to $50 million, significantly expands NextNav’s spectrum portfolio by an additional 4 MHz.

With the completion of this transaction, NextNav’s total spectrum assets will surge to 3.5 billion MHz-PoPs, which marks a significant leap in the company’s capacity to offer reliable and precise positioning and timing solutions.”

Read more in GPS World here.