AT&T surprises with beachfront 700MHz spectrum purchase
October 11, 2007
AT&T announced today that it has purchased 12MHz of spectrum in the prime 700MHz spectrum band from privately-held Aloha Partners for close to $2.5 billion. Aloha purchased the spectrum in Federal Communications Commission auctions held during 2001 and 2003, but hasn’t done much with the licenses since the auctions ended.
