[SHARCbits] The value of radio spectrum
Dave Haney
w3sj at tampabay.rr.com
Wed Oct 10 23:17:07 EDT 2007
FORWARD FROM KB3GYN
If you don't think our Amateur Radio Spectrum is valuable, read the
following:
AT&T Acquires Wireless Spectrum from Aloha Partners
San Antonio, Texas, October 9, 2007
AT&T Inc. (NYSE:T) today announced its board of directors has approved an
agreement to purchase spectrum licenses covering 196 million people in the
700 MHz frequency band from Aloha Partners, L.P., a Delaware limited
partnership.
"Customer demand for mobile services, including voice, data and video, is
continually increasing," said Forrest Miller, group president-corporate
strategy and development. "Aloha's spectrum will enable AT&T to efficiently
meet this growing demand and help our customers stay connected to their
worlds."
The transaction enhances AT&T's spectrum position by adding 12 MHz of
spectrum covering 196 million people in 281 markets. The spectrum covers
many major metropolitan areas, including 72 of the top 100 and all of the
top 10 markets in the United States.
AT&T will pay approximately $2.5 billion in cash for the licenses. The
company anticipates receiving necessary government approvals and closing the
transaction within six to nine months.
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