Telecom major AT&T has received all required
regulatory nods for the acquisition of spectrum from Qualcomm.
The carrier is acquiring 700 MHz spectrum licenses
covering more than 300 million people for approximately $1.9 billion. The
companies expect to close the transaction in the coming days.
This
spectrum will help AT&T continue to deliver a world-class mobile broadband
experience to our customers. As spectrum is the lifeblood of the U.S.
wireless industry, we are pleased that the FCC did not reduce the spectrum
screen, however, we continue to believe any changes to the process by which it
is allocated should be subject to open and transparent public discussion and
clear to everyone with an interest in ensuring the health of our industry,”
said
Bob Quinn, senior vice president-Federal Regulatory, AT&T.
Recently,
AT&T abandoned its plan buy T-Mobile USA, after failing to convince The
Federal Communication Commission (FCC), Telecom regulatory authority of the US.
With its proposed deal, AT&T wanted T-Mobile’s
cellular spectrum to relieve its congested network and offer faster service.
The scrapped merger deal faced firm opposition by the Department of Justice, consumer advocates, the Rural
Cellular Association and the Federal Communications Commission (FCC).
By Telecomlead.com Team
editor@telecomlead.com
