WAVEV Nextwave Wireless (MM)

Consumers would not accept a six-second wait for the channel to change on their TV at home, and PacketVideo Corporation�s new enhancement to its Digital Video Broadcast � Handsets (DVB-H) solution eliminates that delay on mobile devices. Overcoming a major obstacle in bringing mobile digital broadcast TV viewing closer to the experience of watching at home, PacketVideo today introduced an efficient solution for fast channel changing, dramatically reducing the problematic delays that have to-date accompanied the mobile broadcast TV experience. This solution is being demonstrated at the International Consumer Electronics Show, held here this week. �The world has been watching TV for nearly 70 years, and expectations are high for the mobile viewing experience,� said PacketVideo CEO Jim Brailean, Ph.D. �At PacketVideo, we�re optimizing each element of that experience to make it better. We do this to help our mobile operator and handset manufacturer partners create a better end-user experience at the launch of digital video broadcast services.� PacketVideo, whose heritage is rooted in bringing video to mobile devices, was the first company to enable video on a mobile phone back in 1998. No Longer Trading Battery Life for Speed Currently during digital video broadcasts for mobile devices, delays between channel changes are a symptom of the set-up between the number of streams per multiplex, the related time slicing, and how the streams are aligned in those time slices. Other methods to improve channel transition speed may have the undesirable side effect of draining precious battery life. The PacketVideo solution minimizes the impact on battery life while achieving a 200-300 milliseconds channel transition time in a typically configured broadcast system. About PacketVideo: For nearly a decade, PacketVideo, a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVEV), has been the�software�innovator helping mobile carriers and mobile device manufacturers bring dazzling � and profitable � new multimedia features and services to their end-users. With more than 150 design wins and 100+ million PacketVideo-powered units deployed around the world, PacketVideo has the deepest, broadest and most respected multimedia software expertise in the industry. Founded in 1998, PacketVideo is headquartered in San Diego, California with regional offices in the U.S., Japan, Europe and India. Note Regarding Forward-Looking Statements This press release contains �forward-looking statements� for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted or from any other forward-looking statements made by, or on behalf of, PacketVideo, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially include: our ability to develop and commercialize new products and services; our ability to enter into and maintain customer relationships; changes in capital requirements; and other risks described in filings of our parent company, NextWave Wireless Inc. (NASDAQ:WAVEV) with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of NextWave Wireless Inc. with the Securities and Exchange Commission. All such documents are available through the SEC�s website at www.sec.gov. PacketVideo and NextWave Wireless Inc. make no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law.