| By Business Wire |
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| December 22, 2011 09:55 PM EST |
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AT&T* announced today that it has received all required regulatory
approvals for AT&T’s acquisition of spectrum from Qualcomm. AT&T is
purchasing 700 MHz spectrum licenses covering more than 300 million
people for approximately $1.9 billion.
"This spectrum will help AT&T continue to deliver a world-class mobile
broadband experience to our customers," said Bob Quinn, senior vice
president-Federal Regulatory, AT&T. "We appreciate the FCC Chairman, the
Commissioners and their staff for completing its review before the
holidays.
"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."
The companies expect to close the transaction in the coming days.
*AT&T products and services are provided or offered by subsidiaries
and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company and one
of the most honored companies in the world. Its subsidiaries and
affiliates – AT&T operating companies – are the providers of AT&T
services in the United States and around the world. With a powerful
array of network resources that includes the nation’s fastest mobile
broadband network, AT&T is a leading provider of wireless, Wi-Fi, high
speed Internet, voice and cloud-based services. A leader in mobile
broadband and emerging 4G capabilities, AT&T also offers the best
wireless coverage worldwide of any U.S. carrier, offering the most
wireless phones that work in the most countries. It also offers advanced
TV services under the AT&T U-verse® and AT&T | DIRECTV
brands. The company’s suite of IP-based business communications services
is one of the most advanced in the world. In domestic markets, AT&T
Advertising Solutions and AT&T Interactive are known for their
leadership in local search and advertising. Additional information about
AT&T Inc. and the products and services provided by AT&T subsidiaries
and affiliates is available at http://www.att.com.
This AT&T news release and other announcements are available at http://www.att.com/newsroom and
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© 2011 AT&T Intellectual Property. All rights reserved.
Mobile broadband not available in all areas. AT&T, the AT&T logo and all
other marks contained herein are trademarks of AT&T Intellectual
Property and/or AT&T affiliated companies. All other marks contained
herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates
and other forward-looking statements that are subject to risks and
uncertainties, and actual results might differ materially. A discussion
of factors that may affect future results is contained in AT&T's filings
with the Securities and Exchange Commission. AT&T disclaims any
obligation to update and revise statements contained in this news
release based on new information or otherwise.
