AT&T acquires 700MHz licenses from Qualcomm

AT&T may have lost the deal of acquiring T-Mobile, but there was some good news that followed after that bad news. The FCC just approved AT&T to acquire the 700MHz license from Qualcomm. This is just what AT&T needed according to AT&T's senior vice president, Bob Quinn, who made this statement, "This Spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers."

And the FCC had this to say:
We conclude ... that this transaction - with AT&T's plans to deploy supplemental downlink technology - holds the promise of meaningful transaction-specific public interest benefits that support the Commission approving the proposed transaction. In particular, we anticipate that the proposed transaction would facilitate the transition of underutilized unpaired 700 MHz spectrum towards mobile broadband use, thereby supporting our goal of expanding mobile broadband deployment throughout the country.





via: http://news.cnet.com/8301-1035_3-573...?tag=mncol;txt