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

AT&T Agrees to Acquire Nextwave as Part of Spectrum Strategy

By Tess Stynes AT&T Inc. (T) agreed to acquire Nextwave Wireless Inc. (WAVE), a wireless technology firm that manages and maintains wireless spectrum licenses, for up to $50 million plus the repurchase of debt from bondholders. Nextwave shares soared to $1.25 in recent trading from Wednesday's close of 25 cents. In a separate agreement with Nextwave bondholders, the telecom giant will acquire several series of notes for roughly $600 million. Nextwave said the notes represent about $1.1 billion of debt. Some Canadian spectrum and other assets will be transferred as part of the debt redemption. As with rival Verizon Wireless, a majority of AT&T's wireless customers under contract now own a smartphone. This trend had led to stickier mobile customers for the carriers, and along with the growing popularity of tablets, higher revenue from data usage. However, the trend also has increased pressure to expand and upgrade networks to handle greater demand for wireless Internet access. The deal, expected to close by year's end, includes a $25 million payment, plus a contingent payment of up to roughly $25 million. AT&T said it expects the acquisition and changes that AT&T and Sirius XM Radio Inc. (SIRI) proposed to the Federal Communications Commission last month to represent an alternative approach to expanding network capacity. The companies have been seeking to free up unused spectrum for mobile Internet access. If approved, the proposal will enable AT&T to start deployment of the spectrum to expand its 4G LTE capacity in about three years. Write to Tess Stynes at Tess.Stynes@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Att (T)
DateTimeHeadline
03/29/201512:25:025 Things You Donât Know About Google Fiber, But Should
03/29/201510:35:03Here's What We Know About the Next Microsoft Surface
03/29/201501:50:499.84% Edge For 5 Technology High Yield, Low Price Stocks In March
03/29/201501:33:5510 Tech Dividend Dogs Deal 14% To 42% March Upsides
03/28/201523:19:12A Day In The Life
03/28/201515:47:03What's the Big Deal With T-Mobile USA's "Business Un-Carrier...
03/28/201515:42:14AT&T's Return On Equity Suffered This Past Quarter Due To Decreasing...
03/28/201511:41:02Verizon, AT&T, T-Mobile or Sprint: Can You Guess Which is America's...
03/28/201510:41:01How to Get HDTV Channels For Free
03/28/201510:15:00AT&T to help Promote Digital literacy initiative
03/28/201502:11:30Dividend Achievers Top 20 Hits The Mark, Again
03/27/201520:58:58AT&T Mobility chief: No worries if Sprint, T-Mobile unite
03/27/201514:09:00AT&T Declares Quarterly Dividend
03/27/201507:08:00Recent Buy - AT&T Inc.
03/26/201521:51:35New Services Cloud AT&T's Bet on Pay TV
03/26/201521:29:05Building A Better (Balanced) Dividend Growth Portfolio
03/26/201510:08:00Pre-Order The Samsung Galaxy S® 6 And Galaxy S® 6 edge From A...
03/26/201510:00:00AT&T Invests More Than $725 Million Over Three-Year Period To...
03/26/201510:00:00AT&T Invests More Than $175 Million Over Three-Year Period To...
03/26/201510:00:00AT&T Invests Nearly $80 Million Over Three-Year Period To Enhance...

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