AT&T Agrees to Acquire AWS Spectrum from Aloha Partners II
Published on: 7th Jan 2014
Note -- this news article is more than a year old.
USA based AT&T has agreed to acquire 49 Advanced Wireless Services (AWS) spectrum licenses from Aloha Partners II. Financial terms were not disclosed.
The licenses cover nearly 50 million people in 14 states - California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
This acquisition complements AT&T's existing AWS holdings. AT&T is adding spectrum in the AWS and other bands to stay ahead of soaring demand for mobile Internet services.
The transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2014.