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Jun 23, 2010, 11.50 AM IST

FCC okays AT&T buy of assets from Verizon

The US Federal Communications Commission said on Tuesday it approved Verizon Wireless's plan to sell AT&T Inc wireless spectrum licenses that used to belong to Alltel.

Source: Reuters
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FCC okays AT&T buy of assets from Verizon
The US Federal Communications Commission said on Tuesday it approved Verizon Wireless's plan to sell AT&T Inc wireless spectrum licenses that used to belong to Alltel.


Verizon Wireless, owned by Verizon Communications Inc and Vodafone Group Plc, is selling the assets for USD 2.35 billion as a condition for regulatory approval of its own purchase in January last year of rural provider Alltel.


AT&T said last week it expected to be able to close the purchase by the end of this month.


 


Tags: US, Verizon Wireless, AT&T
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