NextWave Wireless, Inc. said it initiated bankruptcy liquidation proceedings for three of its network infrastructure units in Israel, Denmark and Canada, and is also looking to sell its IP wireless unit as part of the planned divestiture of its network infrastructure businesses, Reuters reported today. The company, which reported a wider loss for the third quarter ended Sept. 27, said it discontinued the operations of its GO Networks and Cygnus subsidiaries in the quarter as part of the divestiture plans. Read more.
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