AT&T* announced today that it has agreed to acquire 49 Advanced Wireless Services (AWS) spectrum licenses from Aloha Partners II, L.P. The licenses cover nearly 50 million people in 14 states — California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
This acquisition complements AT&T’s existing AWS holdings. AT&T is adding spectrum in the AWS and other bands to stay ahead of soaring demand for mobile Internet services. This spectrum will help AT&T continue to provide a great mobile Internet experience for its customers. Today, AT&T has the nation’s fastest and most reliable 4G LTE network, covering more than 270 million people in more than 500 markets.
The transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2014. Financial terms were not disclosed.
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