|[January 07, 2014]
AT&T Agrees to Acquire AWS Spectrum from Aloha Partners II, L.P.
DALLAS --(Business Wire)--
announced today that it has agreed to acquire 49 Advanced Wireless
Services (AWS) spectrum licenses from Aloha Partners II, L.P. The
licenses cover nearly 50 million people in 14 states - California,
Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine,
Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
This acquisition complements AT&T's (News - Alert) existing AWS holdings. AT&T is
adding spectrum in the AWS and other bands to stay ahead of soaring
demand for mobile Internet services. This spectrum will help AT&T
continue to provide a great mobile Internet experience for its
customers. Today, AT&T has the nation's fastest and most reliable 4G LTE (News - Alert)
network, covering more than 270 million people in more than 500 markets.
The transaction is subject to regulatory approval. AT&T anticipates
closing the transaction in the second half of 2014. Financial terms were
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