SAN DIEGO (WiMAX Day). NextWave Wireless announced today that it has retained Deutsche Bank and UBS to explore the possible sale of its extensive spectrum assets in America. NextWave has spectrum rights that cover 251 million people. The spectrum is comprised of several different frequencies, including 1.7 and 2.1 GHz, 2.3 GHz and 2.5 GHz.

Allen Salmasi, chief executive officer and president of NextWave Wireless, said that “Since the completion of the recent 700 MHz auction, we have received multiple offers for our U.S. spectrum assets. Given our continued success in developing highly differentiated wireless broadband and multimedia-enabled products, we no longer view our spectrum holdings as critical to reaching our product sales objectives, and believe that now is the perfect time for us to sell these valuable assets while network operators are trying to finalize their band plans and spectrum holdings for their continuing 3G and planned 4G rollouts.”