Regulatory approval for AT&T purchase of wireless spectrum from Qualcomm

AT&T has announced that it has received all required regulatory approvals for its acquisition of spectrum from Qualcomm. AT&T is purchasing 700 MHz spectrum licenses covering more than 300 million people for approximately $1.9 billion. "This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," said Bob Quinn, senior vice president-Federal Regulatory, AT&T. "We appreciate the FCC Chairman, the Commissioners and their staff for completing its review before the holidays.” The companies expect to close the transaction in the coming days.