Shared on December 29, 2011 written by USAT Corp.
In a press release dated Dec. 27, AT&T announced it has completed the purchase of 700MHz spectrum from digital telecommunications giant Qualcomm for $1.9b. This follows on the heels of the FCC’s ruling denying AT&T’s proposed merger with mobile carrier T-Mobile. L.A. Times Blurb here. Full AT&T press release – it’s not any more detailed than the summary above, seeing as the URL for the release is longer than the release itself, but I’m including it anyway.