Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

AT&T Gives Thanks For Holiday Spectrum Deal AT&T Gives Thanks For Holiday Spectrum Deal AT&T Gives Thanks For Holiday Spectrum Deal AT&T Gives Thanks For Hol...

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation


Congress / Technology

AT&T Gives Thanks For Holiday Spectrum Deal

This file photo taken April 21, 2010, shows an AT&T logo and sign on a window at a company store in Brunswick, Maine.(PAT WELLENBACH/AP, FILEP)

December 23, 2011

AT&T says it hopes to quickly finalize a $1.9 billion spectrum deal with Qualcomm after the Federal Communications Commission approved it on Thursday.

"This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," AT&T Senior Vice President Bob Quinn said in a statement. "We appreciate the FCC Chairman, the Commissioners and their staff for completing its review before the holidays."

For just over $1.9 billion AT&T will buy 700 MHz spectrum licenses covering more than 300 million people. AT&T said the two companies will close the deal "in the coming days."

AT&T, which called spectrum the "lifeblood" of the wireless industry, had been seeking more spectrum resources through the Qualcomm deal as well as a mega-merger with rival T-Mobile USA.

The merger with T-Mobile fell through on Monday after regulators at the FCC and Justice Department moved to block it.

The Qualcomm buy was panned by groups that also opposed the T-Mobile merger. Free Press argued that by giving AT&T access to more of the high-quality 700 mHz spectrum, the FCC is potentially harming competition.

Get us in your feed.