real-time news and commentary for investors
Wednesday, May 16
2012, 12:38 PM
AT&T (T) and U.S. Cellular (USM) are paying $304M to buy spectrum from cable operator Cox....
AT&T (T) and U.S. Cellular (USM) are paying $304M to buy spectrum from cable operator Cox. AT&T's spectrum purchases cover 8 states, while U.S. Cellular's cover 5. The collapse of the T-Mobile deal, along with the spectrum transfer that was part of AT&T's breakup fee, has sent Ma Bell on the hunt for new airwave purchases. It was recently reported AT&T has held talks to buy Leap Wireless (LEAP), and speculation also exists about a bid for Dish Network (DISH).