AT&T to buy spectrum from Aloha for $2.5 billion

AT&T TO BUY SPECTRUM FROM ALOHA FOR $2.5 BILLION
[SOURCE: Reuters]
AT&T Inc, the biggest U.S. mobile service, said on Tuesday that it would buy the wireless airwave licenses of privately held Aloha Partners LP for about $2.5 billion. AT&T said the licenses have coverage for a potential 196 million customers in 281 markets, including 72 of the top 100 U.S. markets in the 700-megahertz frequency band. Aloha had been testing the airwaves in Las Vegas for a mobile television service that could potentially compete with an offering from Qualcomm Inc unit MediaFlo USA. It had also tested wireless high-speed data services in Phoenix. AT&T spokesman Michael Coe said AT&T had yet to determine what services it would run over the airwaves.
http://www.reuters.com/article/internetNews/idUSWNAS578420071009

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