AT&T Gets Regulatory Approval For Qualcomm 700MHz Spectrum Purchase

US communications giant AT&T has been given regulatory approval for the purchase of wireless spectrum from chipset specialist Qualcomm.

"This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," claimed Bob Quinn, senior vice president of the Federal Regulatory department, AT&T. "We appreciate the FCC Chairman, the Commissioners and their staff for completing its review before the holidays.

"As spectrum is the lifeblood of the U.S. wireless industry, we are pleased that the FCC did not reduce the spectrum screen, however, we continue to believe any changes to the process by which it is allocated should be subject to open and transparent public discussion and clear to everyone with an interest in ensuring the health of our industry."

The deal, which is valued at around $1.9 billion, sees AT&T purchase spectrum licences from Qualcomm for the 700MHz band, through which it claims it will be able to reach more than 300 million people with new mobile facilities.

The companies expect to close the transaction in the coming days.