Deals
AT&T in Spectrum Spree to Catch Verizon
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AT&T Inc. is cobbling together about $2.6 billion in deals for airwaves to catch up with Verizon Wireless, which has vaulted ahead in the race to stockpile the industry’s most precious asset.
AT&T has proposed at least 24 deals in the past four months for the rights to spectrum, the radio waves used to transmit mobile-phone calls and data connections. Verizon won U.S. approval on Aug. 23 to buy airwave rights from Comcast Corp. and three other cable companies for $3.9 billion.