BALTIMORE, MD--(MARKET WIRE)--Oct 28, 2008 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of California on behalf of purchasers of the common stock of NextWave Wireless Inc. ("NextWave" or the "Company") (WAVE - News) during the period between November 27, 2006 and August 7, 2008, inclusive (the "Class Period").

The complaint charges NextWave and certain of its officers and directors with violations under the Securities Exchange Act of 1934. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than November 17, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/332-0030) to answer any questions you may have in that regard.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and financial results. According to the complaint, the defendants concealed from the investing public during the Class Period that NextWave did not have adequate sources of liquidity to continue operations as it executed its growth strategy and continued making aggressive worldwide acquisitions; that defendants had no reasonable basis to make favorable statements that the Company's WiMAX semiconductor products would be available for commercial sale in the first half of 2008; that NextWave did not have the financial resources to continue to operate its world-wide operations through the end of 2008; that the Company had invested all of its marketable securities in extremely high-risk and illiquid auction rate securities; and that the Company's ability to continue as a going concern was seriously in question. The complaint further alleges that on August 7, 2008, NextWave announced it only had $71.1 million in cash and similar instruments available as of June 30, 2008 that would last only until the beginning of October 2008. As a result of the foregoing announcement, the value of the Company's shares declined significantly.

If you have suffered a net loss for all transactions in NextWave Wireless Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

     CONTACT:
     Charles J. Piven
     Brower Piven, A Professional Corporation
     Baltimore, Maryland
     410/332-0030
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