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Tuesday, September 10, 2013

AT&T buys spectrum from Verizon Wireless in $1.9 billion deal, (NYSE: T)

AT&T Inc said in a regulatory filing on Tuesday that it acquired spectrum from Verizon Wireless for $1.9 billion in cash. The spectrum, in the 700 MHz band, covers 42 million people throughout the United States.

AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 1.01% or $0.34/share to $33.97. In the past year, the shares have traded as low as $32.71 and as high as $39.00. On average, 22522300 shares of T exchange hands on a given day and today's volume is recorded at 27689528.



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