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        AT&T wins regulatory approval to buy Qualcomm spectrum

        Date:2011-12-24 11:14:33

        AT&T Inc said late on Thursday that it won regulatory approval to buy wireless spectrum from U.S. chipmaker Qualcomm Inc, a move that would boost the company's 4G network.

        AT&T is buying 700 megahertz (MHz) airwaves for about $1.93 billion, with the aim of countering criticism over iPhone service quality and competitive threats from rivals like Verizon Wireless.

        "This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," Bob Quinn, an AT&T senior vice president, said in a statement.

        The companies expect to close the transaction in the coming days, AT&T said.

        Shenzhen OPT Communication Co.,Ltd reproduced from C114.net

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