regulatory
confidence high
sentiment positive
materiality 0.65
NextNav files FCC petition to reconfigure Lower 900 MHz band for PNT backup to GPS and 5G broadband
NEXTNAV INC.
- Petition proposes rearranging the 902-928 MHz band to enable terrestrial PNT as complement/backup to GPS and free 15 MHz for 5G.
- Recently acquired additional 4 MHz of spectrum licenses from Telesaurus/Skybridge; Alameda County court approved sale March 28, 2024, pending FCC approval.
- CEO Mariam Sorond: this spectrum solution prioritizes national security and public safety while freeing up spectrum for 5G.
- NextNav's NextGen PNT technology aims for 3D positioning with single-digit accuracy indoors and outdoors via 5G integration.