Subject: [NEXTEL-1] Goldman Sachs On Nextel

From: [email-masked]
Date: Fri, 21 Feb 2003 13:09:09 -0500

<Snip>
We feel users for whom Direct Connect is less crucial to daily business operations are
more
likely to chase aggressive promotions from other carriers.

<Snip>
Second, we expect the 800MHz public safety spectrum swap to reach some resolution over the
next
few months. We would view approval of the current proposal as favorable for NXTL. Not only

would we expect the company to realize cost of service savings from operating with more
contiguous spectrum, but we feel acquiring spectrum in the 1900MHz band would increase the

company's value vis-à-vis other carriers and provide an easier path to deploying CDMA-1X
infrastructure in the future.

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