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
11/25/201418:55:04Telefónica Works to Redraw Its Empire
11/24/201421:10:32Carriers Issue Debt as Spectrum Auction Bids Top $36 Billion
11/24/201420:53:52Carriers Issue Billions in Debt As Spectrum Auction Bids Top...
11/24/201410:20:07Wal-Mart Adds Former American Airlines CEO Horton to Board
11/21/201422:00:51Wireless Carriers Bid Up US Airwaves To Record
11/21/201413:58:34Appeals Court Grants TV Programmers Stay in FCC Dispute -- Update
11/21/201413:10:09Federal Appeals Court Grants TV Programmers Stay in FCC Dispute
11/21/201407:28:47European Telecoms Bet on Data, Investment in 4G Infrastructure
11/20/201415:59:45AT&T to Settle Hazardous Waste Allegations in California -- Update
11/20/201415:35:35AT&T to Settle Hazardous Waste Allegations in California
11/18/201420:16:05AT&T Joins Fray On Location Data
11/18/201420:11:29AT&T Enters Legal Fray Over Cellphone Location Data
11/17/201418:51:43Sprint's CEO Shakes Up Executive Ranks, Chief Marketing Officer...
11/03/201423:50:42Australia Holds Interest Rates Steady
10/31/201407:59:34Two Picks to Dig Into Pipelines, Shale Energy -- Barron's
10/29/201400:40:12FTC Sues AT&T, Alleging Company Misled Consumers
10/28/201403:34:08Matomy Media Buys Austrian Mobile Advertising Firm for $17.6...
10/27/201404:56:57AT&T Launches Maiden Bond in Taiwan; Seeks to Raise Up to $1.5...
10/26/201417:03:17Germany Bets on 'Smart Factories' to Keep Its Manufacturing Edge
10/23/201419:33:14Will Free Data Become the Next Free Shipping?

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