FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Avenue Capital Management II, L.P.   2. Issuer Name and Ticker or Trading Symbol NextWave Wireless Inc. [WAVE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 535 MADISON AVENUE, 15TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 12/16/2009 (Street) NEW YORK, NY 10022 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/16/2009   M   30,000,000 A $ 0.01 30,000,000 D (1)   Common Stock 12/16/2009   F   568,274 D $ 0.5279 29,431,726 D (1)   Common Stock 12/16/2009   M   7,500,000 A $ 0.01 36,931,726 D (1)   Common Stock 12/16/2009   F   142,068 D $ 0.5279 36,789,658 D (1)   Common Stock 12/16/2009   M   7,500,000 A $ 0.01 44,289,658 D (1)   Common Stock 12/16/2009   F   142,068 D $ 0.5279 44,147,590 (2) D (1)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Warrant (right to buy)

$ 0.01

12/16/2009

M

30,000,000

10/09/2008

10/09/2011

Common Stock

30,000,000

$ 0

0

D (1)

Common Stock Warrant (right to buy)

$ 0.01

12/16/2009

M

7,500,000

04/14/2009

04/06/2012

Common Stock

7,500,000

$ 0

0

D (1)

Common Stock Warrant (right to buy)

$ 0.01

12/16/2009

M

7,500,000

07/02/2009

06/29/2012

Common Stock

7,500,000

$ 0

0

D (1)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Avenue Capital Management II, L.P. 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue International Master, L.P. 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue Investments, L.P. 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue Special Situations Fund IV LP 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue CDP Global Opportunities Fund LP 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue AIV US, L.P. 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X
Avenue Special Situations Fund V LP 535 MADISON AVENUE, 15TH FLOOR NEW YORK, NY 10022	X	X

Signatures

Avenue Capital Management II, L.P. By: Avenue Capital Management II GenPar, LLC , its General Partner By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue International Master, L.P. By: Avenue International Master GenPar, Ltd., its General Partner By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue Investments, L.P. By: Avenue Partners, LLC its General Partner By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue Special Situations Fund IV, L.P. By: Avenue Capital Partners IV, LLC, its General Partner By: GL Partners IV, LLC, its Managing Member By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue-CDP Global Opportunities Fund, L.P. By: Avenue Global Opportunities Fund GenPar, LLC, its General Partner By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue AIV US, L.P. By: Avenue AIV US GenPar, LLC, its General Partner By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date
Avenue Special Situations Fund V, L.P. By: Avenue Capital Partners V, LLC, its General Partner By: GL Partners V, LLC, its Managing Member By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member		12/18/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The securities are owned directly by Avenue AIV US, L.P. ("Avenue AIV"). The transaction involved the cashless exercise of (i) warrant dated October 9, 2008 granted by NextWave Wireless Inc. (the "Issuer") to Avenue AIV for 30,000,000 shares; (ii) warrant dated April 8, 2009 granted by the Issuer to Avenue AIV for 7,500,000 shares; and (iii) warrant dated July 2, 2009 granted by the Issuer to Avenue AIV for 7,500,000 shares.
(2)	In addition to the 44,147,590 shares of Issuer common stock held by Adviser, Adviser indirectly holds through two of the Fund companies, Avenue Special Situations Fund IV, L.P. and Avenue Investments, L.P. which directly hold 1,753,552 and 134,432 shares, respectively, of Issuer common stock.
Remarks: This report is jointly filed by Avenue Capital Management II, L.P. ("Adviser") and the Adviser is the adviser to Avenue AIV, Avenue International Master, L.P., Avenue Investments, Avenue Special Situations Fund IV, L.P. Avenue-CDP Global Opportunities Fund, L.P., and Avenue Special Situations Fund V, L.P (collectively, the "Funds").  The Funds have made an investment in the Issuer. The Funds, each of which may be deemed a director of the Issuer by virtue of their relationship with Robert T. Symington, a director of the Issuer and an employee of Adviser, the investment adviser to the Funds.

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