AT&T in Spectrum Extravaganza to Get Closer to Verizon Wireless
AT&T (T) Inc. is roughly assembling a lot of stuffs which account to about $2.6 billion in terms of deals for airwaves to get closer to with Verizon Wireless. Verizon has domed further and headed forward in the race of storing the most valuable asset of the industry. AT&T has made proposal for a minimum of 24 deals in the past 4 months and this was for the authority to spectrum.
Verizon Wireless had had victory over the U.S. approval on the 23rd of August in order to purchase rights to airwave for $3.9 billion from the Comcast Corp. and three cable companies too. Additionally, AT&T’s is putting a lot of efforts by this purchasing extravaganza in order to alleviate pressure on its network. The pressure on its network is relieved because the data traffic from smartphones and tablet devices will access the wireless coverage of the company.
The company will have a huge capacity on its network and hence will be able to manage the demands if it acquires more licenses from the government for the making use of spectrum. King, the buyer of the shares of the AT&T and Verizon Communications Inc., said “We’re seeing AT&T try to get its arms around as much spectrum as they can.”
According to a UBS AG analyst named John Hodulik, the main spectrum assets of the AT&T will be enhanced by 62% in the huge 100 US markets. The proposals made by the AT&T are being reviewed and undergoing analysis by the Federal Communications Commission and this also includes the $600 million purchase of NextWave Wireless. This purchase is a plan of the company which includes satellite signals usage deal with Sirius XM Radio Inc. (SIRI), radio-wave contract with the Comcast and Horizon Wi-Com LLC along with a number of smaller dealings with local carriers.