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« Clearwire Will Go Public | Main | Gigabit WiMax »
The FCC required AT&T to sell off 2.5 GHz spectrum as part of its acquisition of BellSouth: Clearwire gets the prize spectrum, which probably also brings it into a closer relationship with AT&T. The deal is for $300m in cash. The 2.5 GHz spectrum licenses and leases were owned by BellSouth across its nine-state territory. The Seattle Times reports that Clearwire will boost its spectrum holdings with this purchase by 14.2 percent, and revised its estimate of population covered to 214m, up from about 200m just a few weeks ago. Carol Ellison at MuniWireless.com reminds us that Clearwire founder Craig McCaw sold AT&T a pile of cellular spectrum in 1994 for $13b, making his first fortune.
Posted by Glennf at February 21, 2007 9:47 AM
Categories: 2.5 GHz, 802.16-2005 (16e), deals, financial