NextWave Shareholders Approve AT&T Merger
NextWave Wireless today announced that its stockholders have agree to allow AT&T to acquire it for its spectrum assets. AT&T filed plans with the Federal Communications Commission seeking permission to acquire NextWave wireless earlier this year. The transaction, which is valued at about $600 million, will give AT&T a number of AWS and WCS spectrum licenses around the country. The FCC has yet to approve the deal.
FCC Spells Out Spectrum Screen Policies
The Federal Communications Commission today adopted a Report and Order with respect to spectrum screens and how'll they'll be used in upcoming spectrum auctions and other spectrum transactions. Moving forward the FCC will stick to its one-third rule, meaning the FCC will analyze on a case-by-case basis transactions that might result in a wireless provider owning more than one-third of the available spectrum licenses in a given market.
AT&T Targeting Summer Launch for LTE in WCS Spectrum
AT&T plans to begin deploying LTE service in its 2.3GHz WCS spectrum holdings this summer. AT&T acquired some WCS spectrum from NextWave in 2012 and more from Sprint in 2014.
AT&T Looking to Score Plateau Wireless Spectrum
AT&T and Plateau Wireless have filed paperwork with the Federal Communications Commission seeking permission to transfer certain spectrum licenses held by Plateau to AT&T. AT&T hopes to gain 700MHz, 850MHz, and AWS spectrum covering select markets in New Mexico and Texas.
T-Mobile and Verizon Agree to Another Spectrum Swap
T-Mobile and Verizon Wireless have petitioned the FCC for permission to swap AWS and PCS spectrum licenses in 92 counties and/or 41 Cellular Market Areas around the country. The companies propose to switch spectrum licenses, but not cellular assets or customers.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.