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NextNav Announces Closing of Agreement to Acquire Additional Lower 900 MHz Band Licenses

By: via Business Wire

FCC Issued Order Granting Consent to the Assignment of 128 Active Lower 900 MHz Licenses to NextNav in June 2025

NextNav Inc. (the "Company" or “NextNav”) [NASDAQ: NN], a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the successful closing of its previously announced agreement to acquire M-LMS A-block licenses from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. The transaction further enhances NextNav’s spectrum position and operational leadership in the Lower 900 MHz band.

On June 20, 2025, the Federal Communications Commission (FCC) granted its consent to the assignment of 128 active M-LMS A-block licenses to NextNav. The acquired active low band spectrum licenses are in the same Lower 900 MHz band as all of NextNav’s other licenses.

About NextNav

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.

For more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies, including its ability to realize the anticipated benefits of acquiring the M-LMS A-block licenses, such as strengthening its spectrum position and operational leadership in the Lower 900 MHz band. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, “Risk Factors” of the Company’s quarterly reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the NextNav’s Annual Report on Form 10-K for the year ended December 31, 2024, as well as those otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”). You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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