Alltel Buys Old AT&amp;T Wireless Spectrum
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Alltel (AT:NYSE - news - research) has agreed to pay Cingular $170 million for portions of the former AT&amp;T Wireless business in six states as part of a mandated divestiture.
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(InfoWorld) - Wireless carriers planning to offer next-generation wireless services have bid $13.9 billion in a spectrum license auction that ended Monday, the U.S. Federal Communications Commission (FCC) said. The FCC sold 1,087 of 1,122 available licenses to 104 companies in its first auction of so-called advanced wireless service spectrum, often called third-generation or 3G wireless. The licenses can be used to offer several services, including voice, data and video, the FCC said. The bidders with the fiveÂ highest winning bidsÂ were T-Mobile License, Verizon Wireless, SpectrumCo, MetroPCS, and Cingular, the FCC said. The unsold licenses remain held by the FCC and will be made available again in a future auction. FCC Chairman Kevin Martin, in a statement, called the auction "the biggest most, successful auction" in FCC history. It was the largest auction of wireless broadband in a single FCC auction, Martin said. "Although we cannot envision our lives without access to the Internet, I believe we are only beginning to imagine the way mobile broadband networks will impact our lives -- changing the business and entertainment possibilities available to consumers," Martin added. The auction made available "raw material" needed for next-generation wireless broadband, said Jeff Kagan, an independent telecom analyst. "The remaining question is, what will these companies do with this spectrum?" he said in an e-mail. "What new services or new competitors will we see using this spectrum? We will have to stay tuned to see what hatches from this auction."
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Alltel, the nation's sixth-largest wireless carrier, is in advanced negotiations to buy Western Wireless for roughly $4 billion.
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AT&amp;T Wireless and AT&amp;T Corp. have resolved a dispute over branding and reached a new agreement ahead of Cingular Wireless&#39; planned purchase of AT&amp;T Wireless, the three companies said Monday.
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AT&T Wireless and  Cingular Wireless say they have resolved the issues relating to Cingular's use of the AT&T brand name once Cingular's acquisition of its former rival is complete. The agreement also includes a provision for the purchase of AT&T network services.
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Bidding hit $6.1 billion in the federal governmentâs auction of wireless spectrum. Two bidders appear to be bidding for the most valuable national license.
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TRENTON, NJ - Verizon Wireless is buying wireless-spectrum licenses covering 23 US markets from bankrupt NextWave Telecom Inc. for $3 billion.
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The U.S. sale of airwaves for   advanced wireless services grossed a record $13.9 billion when   it ended on Monday, and spectrum-hungry U.S. wireless carrier   T-Mobile USA topped the bidding by offering almost $4.2 billion   for 120 licenses.
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U.S. telecommunications company AT&T Inc.  said on Friday it will buy rural wireless carrier Dobson Communications Corp.  for $2.8 billion in cash to expand its reach in rural and suburban markets.
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Verizon Wireless on Thursday announced an agreement to acquire all the PCS spectrum licenses of NextWave Telecom Inc. in 23 markets for $3 billion.
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In the aftermath of its purchase of AT&amp;T Wireless, Cingular Wireless is selling several sets of 10 megahertz wireless licenses to two different carriers.
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AT&T Wireless reached an agreement with Rogers Communications to help sell AT&T Wireless's 34 percent stake in Rogers Wireless Communications Inc.
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NEW YORK, October 26  - Cingular Wireless has completed its previously announced merger deal with AT&amp;T Wireless Services Inc (AWE.
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WASHINGTON, Oct 26  - Cingular Wireless Corp. announced Tuesday it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
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Cellular giant Alltel Corp. said Monday it is buying Western Wireless Corp. in a &#36;4.4 billion cash and stock deal expected to make it the fifth-largest U.S. wireless company.
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Rural telephone company Alltel Corp.  AT.N on Monday said it would acquire Western Wireless Corp.  WWCA.O for $6 billion in a move that will increase its  customers in the Western United States and make it the  fifth-largest U.S. wireless carrier.
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Alltel Corp., the sixth biggest U.S. cellular carrier, has agreed to buy Western Wireless Corp., a Northwest regional carrier which owns the Cellular One brand, for about $4.4 billion in cash and stock.