NextNav Inc. (NASDAQ:NN) Q1 2024 Earnings Call Transcript

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Mariam Sorond: Thank you. Before we close the call, I want to add one important point. We recently received inbound questions from investors regarding our willingness to sell specific company assets. I want to take a moment to directly respond to those inquiries here. Specifically, we currently have a strategy in place that utilizes our spectrum for both PNT and broadband, which we believe creates tremendous value for our customers and ultimately, our shareholders. As the CEO of NextNav, and in coordination with our Board, we have a fiduciary duty to consider any offers that are presented, and we will continue to do so. Having said that, I want to reemphasize that we’re very pleased with our progress to date. The company is on a strong trajectory, and we look forward to working with the FCC in advancing our vision for an innovative spectrum solution in the lower 900-megahertz to provide a complement and backup to GPS as well as 5G broadband become available.

We will continue keep you posted and updated on our progress, and I look forward to engaging with the financial community on this. And I want to also thank you all for joining us today, and everyone, have a great afternoon.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you all for joining, and you may now disconnect.

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