Thursday, August 2, 2012

AT&T escalates the U.S. spectrum war with NextWave buy

AT&T escalates the U.S. spectrum war with NextWave buy

. AT&T (T) bolstered its spectrum portfolio Thursday when it agreed to pay $650 million in cash to acquire wireless spectrum holding company NextWave Wireless. The vast majority of that sum - $600 million - will go toward retiring the company's debts. In return, AT&T will get access to Wireless Communications Service (WCS) spectrum on the 2.3GHz band, as well as some Advanced Wireless Service (AWS) spectrum that spans from 2110MHz to 2155 MHz on the downlink and from 1710MHz to 1755MHz on the uplink.

Boy Genius Report , AT&T escalates the U.S. spectrum war with NextWave buy, AT&T escalates the U.S. spectrum war with NextWave buy