AT&T* announced today that it has agreed to acquire 49 Advanced Wireless Services (AWS) spectrum licenses from Aloha Partners II, L.P. The licenses cover nearly 50 million people in 14 states — California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
This acquisition complements AT&T’s existing AWS holdings. AT&T is adding spectrum in the AWS and other bands to stay ahead of soaring demand for mobile Internet services. This spectrum will help AT&T continue to provide a great mobile Internet experience for its customers. Today, AT&T has the nation’s fastest and most reliable 4G LTE network, covering more than 270 million people in more than 500 markets.
The transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2014. Financial terms were not disclosed.
*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.
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AT&T Inc. (NYSE:T, news, filings) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nation’s fastest and most reliable 4G LTE network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV service with the AT&T U-verse® brand. The company’s suite of IP-based business communications services is one of the most advanced in the world.
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4G LTE speed claim based on national carriers’ average 4G LTE download speeds. Reliability claim based on data transfer completion rates on nationwide 4G LTE networks. 4G LTE availability varies.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press 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.
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