AT&T Holds Up Their End Of The Bargain: Files For FCC Approval of Spectrum Transfer To T-Mobile
As promised AT&T stands ready to hand over $1 billion in spectrum to T-Mobile as a direct result to their proposed $39 billion merger failing miserably. After opposition grew strong from the Federal Communications Commission (FCC) and the Department of Justice, AT&T withdrew their bid to acquire T-Mobile on December 19th. No surprise now that the FCC once again holds the key to this particular transfer going through successfully.
As the Wall Street Journal reports, both Ma Bell and T-Mo will need the FCC’s permission in order to move forward with the spectrum transfer. While, we can’t foresee the FCC having the same concerns with this transfer as it it did with the original merger we wouldn’t be surprised if AT&T was discreetly hoping they did.Source
