Deals
AT&T’s $1.93 Billion Qualcomm Airwaves Purchase Wins Approval
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AT&T Inc., the largest U.S. phone company, won approval from federal regulators for its $1.93 billion purchase of Qualcomm Inc. airwaves three days after dropping its plan to buy T-Mobile USA Inc.
The sale of frequencies covering 300 million people was cleared yesterday, the Federal Communications Commission said in an order published on its website. AT&T can’t use the airwaves in a way that interferes with other wireless carriers, the agency said.