Originally published: May 16, 2012
Last updated: May 16, 2012 - 2:40pm
In separate transactions, AT&T Mobility and U.S. Cellular are looking to purchase 700 MHz licenses, mainly from Cox Communications. Terms of the deals were not disclosed.
- Pending Federal Communications Commission approval, AT&T is hoping to buy eight Lower 700 MHz B Block licenses from Cox covering areas on the East Coast, including cities in Florida and Virginia. Cox paid around $28 million for the licenses during the FCC's 700 MHz spectrum auction in 2008. An AT&T spokesman declined to say how much the carrier paid for the spectrum.
- Separately, U.S. Cellular purchased four Lower 700 MHz A Block licenses from Cox covering mainly locations in Kansas. Cox paid around $30 million for the licenses during the FCC's 2008 auction.
- Finally, in another separate transaction, AT&T purchased four Lower 700 MHz C Block licenses from Peoples Telephone Cooperative covering locations mainly in Texas. AT&T said it would use the spectrum for its LTE services.
The spectrum transactions, taken together, reflect a number of notable trends in the U.S. wireless industry. First, they represent AT&T and U.S. Cellular's continuing spectrum needs. Second, the spectrum deals represent the further withdrawal of Cox from the wireless market.
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