AT&T Gets FCC Asset to Buy Atlantic Tele-Network Airwaves

AT&T Inc. (T) received clearance from U.S. regulators for its purchase of airwaves and subscribers from Atlantic Tele-Network Inc. (ATNI)

The Federal Communications Commission in an order posted today on its website approved the deal that it said will bring 620,000 new customers to AT&T, the second-largest U.S. wireless carrier.

Atlantic Tele-Network, based in Beverly, Massachusetts, operates under the Alltel brand in six states, mostly in the southern and midwestern U.S.

AT&T, led by Chief Executive Officer Randall Stephenson, has been snapping up airwaves in a bid to catch up with leading mobile carrier Verizon Wireless.

To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.net;

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net

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