AT&T Files Request With FCC to Transfer $1 Billion in Spectrum to T-Mobile

AT&T has filed a request with the FCC to transfer $1 billion in wireless spectrum to T-Mobile as a result of its failed acquisition last year, according to the WSJ.

AT&T said it would turn over the airwaves, or spectrum, along with $3 billion in cash to T-Mobile parent Deutsche Telekom AG after pulling out of the deal as opposition mounted from the FCC, Justice Department, state attorneys general and rival carriers.

"This additional spectrum will help meet the growing demand for wireless broadband services," said Tom Sugrue, T-Mobile's senior vice president for government affairs, in an emailed statement. "We hope the FCC will move swiftly to approve the license assignments."


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