Microsoft co-founder sells wireless licenses to AT&T
updated 03:50 pm EDT, Thu September 17, 2009
AT&T purchases assets for 4G LTE in Pacific NW
Microsoft co-founder Paul Allen has made a deal with AT&T to sell the carrier several licenses for wireless spectrum in the Pacific Northwest, according to Bloomberg. The deal was exposed in government documents, although the agreed price has not been disclosed by either party.
The 24 licenses are currently owned by Vulcan Spectrum, which is a division of Allen's investment company. Vulcan controls a variety of other investments ranging from the bankrupt Charter Communications cable company to several sports teams and museums.
AT&T is reportedly attempting to acquire the C-block portion of the airwaves, which had been used for UHF television before the digital transition. The carrier will utilize the licenses for developing a 4G long-term evolution (LTE) network within Washington and Oregon, including the large cities of Portland and Seattle.
Although both sides appear to have agreed on a price, the sale still awaits approval from the FCC.
