Sept. 20 (Bloomberg) -- AT&T Inc. received clearance from U.S. regulators for its purchase of airwaves and subscribers from Atlantic Tele-Network Inc.
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.
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