Today,
the FCC announced that they will approve of AT&T’s acquisition of Alltel. At the beginning of the year, AT&T
announced it would be buying Alltel’s customers and spectrum for $780 million.
The FCC explained that they were going to stop their informal 180-day time
clock to review the transactions because AT&T didn’t provide its plans for
transitioning Alltel’s significant pre-paid customer base.
The FCC explained in their report that, “In
this Memorandum Opinion and Order, we approve, subject to conditions, the
applications of AT&T and ATN (together, the “Applicants”) for Commission
consent to the transfer of control of, and assignment of, a number of cellular,
Personal Communications Services (“PCS”), Lower 700 MHz Band B and C Block, and
common carrier fixed point-to-point microwave licenses; spectrum leasing
authorizations; and an international section 214 authorization from ATN’s
wholly-owned subsidiary, Allied, to AT&T."
Once
this transaction is complete, approximately 620,000 customers, along with
network equipment and other assets, will be transferred from Allied to
AT&T.
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