Bloomberg News

AT&T Gets FCC Approval to Buy Atlantic Tele-Network’s Spectrum

September 20, 2013

AT&T Inc. (T:US) received clearance from U.S. regulators for its purchase of airwaves and subscribers from Atlantic Tele-Network Inc. (ATNI:US)

The Federal Communications Commission in an order posted today on its website approved the deal that it said will bring 620,000 new customers to AT&T, the second-largest U.S. wireless carrier.

Atlantic Tele-Network, based in Beverly, Massachusetts, operates under the Alltel brand in six states, mostly in the southern and midwestern U.S.

AT&T, led by Chief Executive Officer Randall Stephenson, has been snapping up airwaves in a bid to catch up with leading mobile carrier Verizon Wireless.

To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.net;

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net


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Companies Mentioned

  • T
    (AT&T Inc)
    • $34.84 USD
    • 0.33
    • 0.95%
  • ATNI
    (Atlantic Tele-Network Inc)
    • $67.19 USD
    • 4.29
    • 6.38%
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