AT&T To Buy Wireless Spectrum From Aloha Partners For $2.5 Billion
October 09, 2007: 07:31 AM EST
DOW JONES NEWSWIRES
AT&T Inc.'s (T) board approved the purchase of wireless spectrum
licenses from Delware limited partnership Aloha Partners L.P. for about
$2.5 billion in cash.
The telecommunications holding company said the spectrum licenses cover
196 million people in the 700 MHz frequency band.
The company said the deal enhances its spectrum position by adding 12
MHz of spectrum covering 196 million people in 281 markets. The spectrum
covers many major metropolitan areas, including 72 of the top 100 and
all of the top 10 markets in the U.S.
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