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
12/16/201416:38:28Sprint to Face Record Fine Over Unauthorized Customer Charges
12/16/201416:16:49T-Mobile Offers to Roll Over Data -- Update
12/16/201413:20:09T-Mobile Offers to Roll Over Data
12/16/201413:05:54T-Mobile Offers to Roll Over Data, Harking Back to Era of Voice...
12/11/201408:31:12Telecom-Equipment Maker Ciena Posts Surprise Loss -- Update
12/11/201408:03:14Ciena Widens Loss in Fourth Quarter
12/10/201411:31:07Pump Prices Prime Economy for Growth
12/09/201417:38:09AT&T, Verizon Warn Competition Is Pushing Up Subscriber Departures
12/09/201416:03:19AT&T: Competition for Customers Rising -- Update
12/08/201420:01:20Corporate Profit Forecasts Ride on Politics
12/08/201419:10:22Wireless Price War Takes A Bite Out Of Verizon's Profits -- 2nd...
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

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