Acting Principal Executive Officer: Frank Cassou.

Revenue: Zero in 2011; $39.7 million in 2010.

Net loss: $264 million in 2011; $117 million in 2010.

No. of local employees: 11.

Headquarters: Carmel Valley.

Year founded: 1995.

Stock symbol and exchange: WAVE, Over the Counter Bulletin Board.

Company description: Holder and manager of wireless spectrum licenses.

AT&T’s proposed $600 million purchase of San Diego based NextWave Wireless is all about buying more spectrum to provide greater capacity for its customers...

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