AT&T to make €633m down payment for spectrum

AT&T will pay an initial down payment of €633 million (US$1.3 billion) to the Federal Communications Commission for the wireless spectrum licences it won at the recent government auction, an Associated Press report said. AT&T will make the down payment, of which half was paid prior to the start of the auction, within the next ten working days, according to a regulatory filing.
The remaining balance will be paid on or before 17 April, the report added.

The San Antonio, Texas-based company says it will use funds from operations and either short term or long- erm debt to fund the purchase.

The FCC earlier announced the winners of a record-setting auction. The spectrum was made available thanks to the transition to digital broadcasting.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.