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
06/29/201517:21:34Current Report Filing (8-k)
06/29/201516:57:028 Charts to Celebrate the iPhone's 8th Birthday
06/29/201516:20:22Barclays Names Former Dallas Fed President Fisher as Adviser
06/26/201515:25:00Communications Workers of America Ratify Agreement for AT&T Corp.
06/26/201514:07:27Initial Statement of Beneficial Ownership (3)
06/26/201513:15:00Communications Workers Of America Ratify Agreement Covering AT&T...
06/26/201512:53:00AT&T Declares Quarterly Dividend
06/26/201511:21:45DOJ Warns Airwaves Auction Could Impede Competition
06/26/201510:50:08AT&T Names Former Dallas Fed President Fisher to Board
06/26/201510:49:08AT&T Names Former Dallas Fed President Fisher to Board
06/26/201509:44:18Current Report Filing (8-k)
06/26/201509:18:00Richard Fisher Joins AT&T Board of Directors
06/26/201506:20:08Eurozone Private Lending Rises
06/26/201501:00:00AT&T Digital Life Expands In Baton Rouge And New Orleans
06/25/201519:10:22AT&T Plans $3 Billion Expansion in Mexico
06/25/201518:41:37AT&T Plans $3 Billion Expansion in Mexico
06/25/201516:17:19DOJ Warns Airwaves Auction Could Impede Competition
06/25/201514:30:00Mayor Lee, AT&T Kick Off "SF Summer Of Giving" Supporting Nonprofits...
06/25/201514:00:00AT&T to Invest Approximately US$3 Billion in Mexico to Extend...
06/25/201514:00:00AT&T INVERTIRÁ ALREDEDOR DE $3,000 MILLONES DE DÓLARES EN EL D...

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