AT&T Has received FCC regulatory approval
to acquire some $1.9 billion in spectrum from Verizon Wireless. The spectrum acquisitions bolster AT&T's spectrum holdings across some 18 different markets, while AT&T is giving Verizon some key spectrum to Verizon in the Los Angeles and Phoenix markets.
The acquisition is only part of a massive swath of deals AT&T has been completing in order to stockpile additional spectrum for LTE deployment (and, according to critics, to keep competitors out of the market).
While AT&T proclaimed with a straight face that the "spectrum crunch" would kill the company
if it weren't allowed to acquire T-Mobile, the regulatory blockade on that deal didn't wind up being much of a problem for the acquisition hungry company after all. AT&T simply turned around and instead did more than 50 different acquisition and spectrum deals over the last year or so, without having to kill a major competitor to expand.
AT&T recently spent $1.9 billion to obtain Qualcom spectrum
, another $600 to gobble up Nextwave
, while pursuing 51 Lower 700 MHz Band B Block licenses, four Lower 700 MHz Band C Block licenses and six AWS licenses all owned by CenturyLink's CenturyTel Broadband Wireless subsidiary.
AT&T also struck spectrum deals with Broadband Wireless Unlimited
for 700MHz spectrum in several markets around the country. This is all before you factor in their recent acquisition of Leap for $1.2 billion
, their acquisition of Long Lines and their spectrum
, or their $780 million acquisition of what remains of Alltel