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Jun 23, 2010, 11.50 AM IST
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.
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