AT&T Buys $2.5 Billion in 700Mhz Spectrum Licenses

AT&T's agreed to drop $2.5 billion into the pockets of Aloha Partners for a sizable chunk of the 700Mhz spectrum—12 megahertz worth covering 196 million people in 281 markets. It's the same frequency that the FCC will be auctioning off licenses to in just a couple of months. AT&T says they haven't decided what they're… » 10/09/07 3:40pm 10/09/07 3:40pm