|[December 21, 2012]
AT&T Receives FCC Approval for Acquisition of NextWave Wireless, Other WCS Transactions; Approval Sets the Stage for WCS Spectrum for Mobile Broadband Use
DALLAS --(Business Wire)--
announced today that the FCC has approved AT&T's pending acquisition of
NextWave Wireless (News - Alert) and other pending WCS spectrum acquisitions. The FCC
previously approved a joint proposal from AT&T and Sirius XM that
permits deployment of mobile
broadband service in the WCS band.
"The long era of dispute and uncertainty surrounding the WCS spectrum
band is finally over. With the Order
released this week, AT&T (News - Alert) will be able to complete acquisitions that
will give it a path to robust commercial LTE deployment in the WCS
band," said Joan Marsh, AT&T vice president of Federal Regulatory. "We
applaud the FCC (News - Alert) Chairman and Commissioners for their commitment to
fostering innovative spectrum solutions that unlock under-utilized
spectrum bands to serve the growing demands of American consumers.
Repositioning the WCS band for LTE (News - Alert) deployment is a significant
accomplishment which will spur aggressive investment by AT&T and create
good paying jobs across the wireless and technology eco-systems. This is
also a win for our customers, who will benefit from today's Order or
years to come as we realize the spectrum's full potential to enhance our
wireless broadband offerings."
AT&T intends to deploy WCS spectrum for added 4G
LTE capacity in approximately three years. AT&T now expects
the NextWave transaction will close during the first quarter of 2013.
AT&T Inc. (NYSE:T) is a premier communications holding company and one
of the most honored companies in the world. Its subsidiaries and
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is a leading provider of wireless, Wi-Fi, high speed Internet, voice and
cloud-based services. A leader in mobile Internet, AT&T also offers the
best wireless coverage worldwide of any U.S. carrier, offering the most
wireless phones that work in the most countries. It also offers advanced
TV services under the AT&T U-verse® and AT&T ¦DIRECTV
brands. The company's suite of IP-based business communications services
is one of the most advanced in the world.
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Information set forth in this press release contains financial
estimates and other forward-looking statements that are subject to risks
and uncertainties, and actual results might differ materially. A
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