NextWave Wireless Inc. (NextWave) is a holding company engaged in wireless technology that develops, produces, and markets mobile multimedia and consumer electronic connectivity products, including device-embedded software for mobile handsets, client-server media platforms, media sharing software for consumer electronics and pocket-sized mobile broadcast receivers, and manages and maintains wireless spectrum licenses. The Company’s customers include handset and wireless service providers. NextWave has two segments: Multimedia, consisting of the operations of its wholly owned subsidiary PacketVideo Corporation (PV) and Strategic Initiatives, focused on the management of its wireless spectrum interests. In April 2008, the Company acquired Southam Chile SA and Sociedad Televisora CBC Limitada, (collectively, Southam Chile). On December 24, 2008, NextWave sold its IPWireless subsidiary to IPW Holdings, Inc.