AT&T* announced today that it has agreed to acquire 49 Advanced Wireless Services (AWS) spectrum licenses from Aloha Partners II, L.P. The licenses cover nearly 50 million people in 14 states California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
This acquisition complements AT&Ts existing AWS holdings. AT&T is adding spectrum in the AWS and other bands to stay ahead of soaring demand for mobile Internet services. This spectrum will help AT&T continue to provide a great mobile Internet experience for its customers. Today, AT&T has the nations fastest and most reliable 4G LTE network, covering more than 270 million people in more than 500 markets.
The transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2014. Financial terms were not disclosed.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.