AT&T buys big chunk of 700MHz wireless spectrum

AT&T got the okay by the FCC to purchase 12MHz-worth of the 700MHz wireless spectrum owned by Aloha Spectrum Holdings (covered here in October) for $2.5 billion.

This slice “covers 196 million of the 303 million U.S. residents and includes 72 of the top 100 media markets in the country,” according to IDG News Service. AT&T plans to use the spectrum for a combination of video, voice, and data transmissions. The slice purchased was not part of the current FCC auction.

FCC Approves Sale of Nationwide Spectrum to AT&T [PC World]