FCC Greenlights AT&T Spectrum Deal
The FCC has approved AT&T's request to purchase two Cellular A Block licenses and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum covers 11 counties and parts of two Cellular Market Areas in Illinois. The deal also transfers CPI's assets and customers to AT&T. Even though the Cellular A Block spectrum falls under the 1 GHz threshold, the FCC does not believe the transaction will result in any competitive harm. Moreover, the improved performance of AT&T's network in the region may in fact benefit local consumers. The agency has thus given AT&T permission to move forward with the acquisition. Small transactions such as this are common between companies. AT&T did not place a dollar value on the spectrum transfer.
Small transactions such as this are common between companies.