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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 3, 1998
NEXTLINK Communications, Inc.
(Exact name of registrant as specific in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-22939 91-1738221
(Commission File Number) (IRS Employer Identification No.)
500 108th Avenue NE, Suite 2200, Bellevue, WA
98004 (Address of principal executive offices,
including zip code)
(425) 519-8900
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
NEXTLINK Communications Inc. and Eagle River Investments, LLC, a
telecommunications investment company led by Craig McCaw and NEXTLINK's largest
shareholder, will each maintain their 50% beneficial ownership interest in
INTERNEXT L.L.C. Nextel Communications, Inc., once considered a potential
INTERNEXT partner, agreed with Eagle River and NEXTLINK that Nextel would not
participate in INTERNEXT.
INTERNEXT was formed in July 1998 and has entered a Cost Sharing and
IRU Agreement with Level 3 Communications, which is constructing a national
fiber optic network that will cover more than 16,000 route miles and connect 50
cities in the United States and Canada. INTERNEXT will contribute $700 million
in exchange for an exclusive interest in 24 fibers in a shared, filled conduit,
one-1.25 inch empty conduit and the right to 25% of any fibers in the sixth and
any additional conduits in the network. Substantially all segments of the
network are anticipated to be completed in years 2000 and 2001.
NEXTLINK will continue to guaranty 50% of financial obligations of
INTERNEXT under the cost sharing agreement and, together with Eagle River, will
also continue to guaranty the performance of certain other obligations of
INTERNEXT under the agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NEXTLINK COMMUNICATIONS, INC.
By: /s/ R. Bruce Easter, Jr.
Name: R. Bruce Easter, Jr.
Title: Vice President
Date: December 7, 1998
