TMCnet News
AT&T Completes Acquisition of FiberTower CorporationAT&T* has closed its acquisition of FiberTower (News - Alert) Corporation, giving it millimeter wave spectrum that will be put to work later this year to begin the rollout of mobile 5G services. AT&T (News - Alert) paid $207 million to acquire FiberTower and will receive a significant footprint in the 39 GHz band, with average holdings of more than 375 MHz in the top 100 markets. Today's move follows an FCC (News - Alert) order on Jan. 26, 2018 that resolved open regulatory issues and paved the way for AT&T to complete its purchase of FiberTower. AT&T plans to use the millimeter wave spectrum obtained in the deal to help meet its goal of being the first U.S. company to introduce mobile 5G in a dozen markets by late 2018. *About AT&T p> AT&T Inc. (NYSE:T) is a holding company. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T Inc. is available at about.att.com.© 2018 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners. Cautionary Language Concerning Forward-Looking Statements Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. View source version on businesswire.com: http://www.businesswire.com/news/home/20180209005556/en/ |
