Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsWorldAT&T wins regulatory approval to buy Qualcomm spectrum

    AT&T wins regulatory approval to buy Qualcomm spectrum

    AT&T Inc said late on Thursday that it won regulatory approval to buy wireless spectrum from US chipmaker Qualcomm Inc, a move that would boost the company's 4G network.

    December 23, 2011 / 11:45 IST

    AT&T Inc said late on Thursday that it won regulatory approval to buy wireless spectrum from US chipmaker Qualcomm Inc, a move that would boost the company's 4G network.


    AT&T is buying 700 megahertz (MHz) airwaves for about USD 1.93 billion, with the aim of countering criticism over iPhone service quality and competitive threats from rivals like Verizon Wireless.


    "This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," Bob Quinn, an AT&T senior vice president, said in a statement.


    The companies expect to close the transaction in the coming days, AT&T said.

    first published: Dec 23, 2011 11:12 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347