The FCC on Friday approved AT&T Mobility's proposed $780 million purchase of Atlantic Tele-Network's retail wireless business, which still operates under the Alltel brand. However, the agency said the transaction "will likely cause some competitive and other public interest harms in several local markets" but that it is approving the deal due to AT&T's acceptance of a number of conditions on the transaction, including that AT&T maintain Alltel's CDMA network through June 2015.
The FCC has stopped its review of AT&T Mobility's proposed $780 million purchase of Atlantic Tele-Network's retail wireless business, which still operates under the Alltel brand, arguing that AT&T has not provided enough information about how it will transition Alltel's remaining prepaid customers to its network.
AT&T has been promising for some months that it is going to use wireless to expand its broadband footprint where applicable--including, especially, rural areas where it is not feasible to install wireline infrastructure. The carrier apparently took a step in that direction when it agreed to purchase the U.S. retail wireless operations of Atlantic Tele-Network (ATNI).
AT&T Mobility said it will acquire Atlantic Tele-Network's retail wireless business, which still operates under the Alltel brand, for $780 million, in a deal that could give AT&T more spectrum holdings in key bands.
Atlantic-Tele Network, which earlier this year purchased for $200 million Alltel assets divested by Verizon Wireless (NYSE:VZ), plans to keep the Alltel brand and maintain many of the company's
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