ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

FCC Approves Transfer Of AT&T Breakup Fee Airwaves To T-Mobile

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Federal Communications Commission cleared the way for T-Mobile USA to receive about $1 billion in wireless airwaves it is owed as part of the breakup fee for AT&T Inc.'s (T) failed $39 billion takeover bid. T-Mobile has slated the airwaves, or spectrum, for its build out over the next several years of a high-speed mobile broadband network to keep pace with its larger rivals. The spectrum will bolster T-Mobile's network in 12 large U.S. markets, according to a statement from the Bellevue, Wash.-based carrier. AT&T promised the spectrum and about $3 billion in cash for walking away from the deal in December after meeting resistance from regulators, competitors and attorneys general concerned over the impact to competition. T-Mobile is playing catchup with AT&T and Verizon Wireless in building out the faster network, known as 4G LTE. The breakup fee is among the largest in corporate history, in terms of size and percentage, according to Dealogic. Deals from Pfizer Inc. (PFE) and AOL Inc. (AOL) had higher breakup fee values, though those buyouts closed. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/08/201416:18:43Correction to Televisa 'Happy to Talk' to Eventual Univision...
07/01/201416:00:41Correction To FTC/T-Mobile Story
07/01/201402:00:11Australia Keeps Interest Rates Steady
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/27/201402:57:45Brazil's Central Bank Sees Slower Inflation, But Dims Growth...
06/26/201405:07:06China Expands Liberalization of FX Deposit Rates
06/25/201419:01:56IBM, Lenovo Tackle Security Worries About Server Deal
06/19/201417:03:25TECH STOCKS: Amazon Slips, BlackBerry Surges Among Tech Stocks
06/18/201420:06:50Amazon.com Unveils 'Fire Phone' Smartphone -- 3rd Update
06/18/201415:31:20Amazon.com Unveils 'Fire Phone' Smartphone -- 2nd Update
06/18/201414:47:10Amazon.com Unveils 'Fire Phone' Smartphone -- Update
06/18/201414:40:14Amazon.com Unveils 'Fire Phone' Smartphone
06/17/201409:24:06U.S. Hot Stocks: Hot Stocks to Watch
06/16/201418:30:35Correction to Level 3-TW Telecom 5th Update
06/16/201414:15:40Level 3 to Buy TW Telecom for $5.7 Billion -- 5th Update
06/16/201410:55:34Entertainment Companies Scout for Mergers
06/12/201421:30:13Univision Held Sale Talks with CBS, Time Warner

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad