AT&T spectrum buy granted FCC approval

Now that its bid to acquire T-Mobile USA for $39 billion has been�put to bed by strong opposition, AT&T has to look elsewhere in an effort to find spectrum that will accommodate the carrier’s ever-growing subscriber base while it transitions to LTE. The carrier is clearly facing an uphill battle but it took a sizable step forward on Thursday evening when the Federal Communications Commission granted approval to AT&T’s proposed acquisition of 700MHz spectrum licenses from Qualcomm.�”This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers,” said AT&T SVP-Federal Regulatory Bob Quinn. AT&T will pay Qualcomm approximately $1.9 billion when the deal closes in the next few days,�and the licenses AT&T gains cover more

Source: http://www.bgr.com/2011/12/23/att-spectrum-buy-granted-fcc-approval/

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