main
Report a problem

AT&T Wireless to Trade Licenses

harryleung   on 11 March 2003 - 07:50 · 2 comments & 438 views

Advertisement (Why?)
REDMOND, Wash. - AT&T Wireless has agreed to pay $30.75 million in cash and assign some of its wireless licenses to Chicago-based U.S. Cellular Corp. in a deal covering 15 states, the companies said Monday. In return, AT&T Wireless will receive licenses, cell towers and other network assets in northern Florida and southern Georgia, said Mike DiGioia, an AT&T Wireless spokesman. The Redmond-based wireless carrier will also gain U.S. Cellular's 141,000 customers in the area, he said.

Besides the cash payment, U.S. Cellular will receive licenses in 13 states to operate in a portion of spectrum that AT&T Wireless is not using. AT&T Wireless has adequate capacity to cover its customer base in those regions, DiGioia said, and did not need the extra spectrum allowances it is signing over to U.S. Cellular. AT&T Wireless customers will not be affected, he said.

The states are Arkansas, Illinois, Indiana, Iowa, Kansas, Maine, Michigan, Missouri, Nebraska, New Hampshire, Oklahoma, Vermont, and Wisconsin. The deal lets US Cellular fill in some of the gaps in its coverage, said Jay Ellison, U.S Cellular's executive vice president of operations. The deal still requires approval by the Federal Communications Commission and is expected to close in the second half of the year, the companies said.

News source: Source
View: Whole Story

Post a comment · Send to friend Comments · There are 2 additional comments

Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!

Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.

Advertisement (Why?)