AT&T buys Nextwave in spectrum grab
Here's one acquisition AT&T won't have any trouble completing.
The Dallas telecommunications giant said today it has agreed to buy Nextwave Wireless, a company that holds two bands of spectrum. AT&T will pay $25 million for the company, as well as an additional contingent payment of $25 million and the assumption of debt for a total cost of $600 million.
The Nextwave acquisition is just the latest attempt by AT&T to augment its spectrum, which would allow it to eventually use those airwaves to improve the capacity and quality of its cellular … Read more