FCC OKs AT&T buy of assets from Verizon

[The Straight Story]

FCC OKs AT&T buy of assets from Verizon


NEW YORK (Reuters) - The U.S. Federal Communications Commission on Tuesday approved Verizon Wireless's $2.35 billion wireless spectrum license sale to AT&T Inc.

Verizon Wireless, owned by Verizon Communications Inc and Vodafone Group Plc, is selling the assets as a condition for regulatory approval of its own purchase in January last year of rural provider Alltel.

AT&T said last week it expected to be able to close the purchase by the end of this month. The FCC confirmed the deal in a statement on Tuesday afternoon.

AT&T said the deal would bring it 1.6 million new customers and expand its network in 79 primarily rural service areas across 18 states including Alabama, Arizona, California Colorado, Iowa and Kansas.

It said it plans to integrate the new customers onto its network over a 12-month period and promised that for now customers would not see any changes to their coverage, rate plans or existing service contracts.

http://www.reuters.com/article/idUSTRE65M03Q20100623

[RKP5637]

1. That does it, time to switch to Credo. No way am I having RW AT&T for a provider. n/t

[Touchdown]

2. Hopefully the Vzn workers will get into the union quickly.

CWA has a contract with AT&T wireless.

[txlibdem]

3. assets

telecommunications networks are the backbone of our Democracy.

They should be owned and controlled by the people to ensure everyone equal access to information and to communicate freely.

Without unhindered access to news sources the electorate is nothing but a puppet on a string for the corporations and right wing media outlets.

[txlibdem]

4. [duplicate]

duplicate post removed