AT&T Pays $2.5 Billion For Airwaves

AT&T announced that is will be purchasing licenses from Aloha Partners for $2.5 billion for spectrum that they find suitable for mobile services. This acquisition will also give AT&T a heads up in the 700 MHz frequency race.

"Customer demand for mobile services, including voice, data and video, is continually increasing," AT&T senior executive Forrest Miller said. "Aloha's spectrum will enable AT&T to efficiently meet this growing demand.”