Nextwave Wireless Inc., a San Diego-based provider of wireless broadband and mobile multimedia products, laid off 67 people from its local work force effective Sept. 24, according to the firm.

The majority of the employees were at two Nextwave subsidiaries that were acquired in 2007, and are now up for sale, the company stated Sept. 25 through a contracted public relations firm. Local employment now stands at 453, while its total number is about 1,000, the company said.

Nextwave announced Sept. 17 it was selling its infrastructure business units, formerly known as IP Wireless and Go Networks, and other assets as part of a global restructuring.

The company also said it received a commitment for $100 million in new financing through the issuance of second lien notes. As part of this transaction, Avenue Capital Management and Sola, the two financing entities, will receive warrants to purchase 40 million shares of Nextwave’s common stock.

Nextwave has been hurt by a global delay in the adoption of next-generation telecom equipment, and is exiting certain businesses.

For the quarter ended June 30, Nextwave reported a net loss of $91.8 million on revenue of $31.8 million. That compared to a net loss of $72 million on revenue of $12.8 million for the like quarter in 2007.

Traded under WAVE on Nasdaq, the stock declined Sept. 25 by 6 cents to close at 72 cents, near its 52-week low. About a year ago shares traded for more than $7.

— Mike Allen