Cable One selling broadband wireless spectrum to AT&T
AT&T (NYSE: T) wants to buy advanced wireless spectrum (AWS) from Phoenix, Ariz.-based cable MSO Cable One that it could use to expand its LTE network, according to an FCC notice released Thursday.
Cable One would sell 20 megahertz of AWS-1 A Block spectrum to AT&T in 24 cellular market areas in various states, according to the FCC.
The Cable One-AT&T proposal follows similar deals that Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC), Bright House Networks and Cox Communications struck with AT&T rival Verizon Wireless (NYSE: VZ) in 2011. SpectrumCo, a joint venture backed by Comcast, TWC and Bright House, sold 122 AWS licenses to Verizon for $3.6 billion. Cox struck a separate deal with Verizon to sell the company its 20 MHz AWS licenses for $315 million.
Cable One and AT&T haven't announced the value of their proposed transaction.
"The applicants assert that the proposed assignment would serve the public interest because it would enable AT&T to increase its system capacity to enhance existing services, better accommodate its overall growth, and facilitate the provision of additional products and services to the public in the geographic areas authorized under the licenses," the FCC said in its public notice.
The commission set a deadline of Feb. 20 for parties that oppose the transaction to file petitions.
- see the FCC notice
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