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US: AT&T buys sixth-place wireless carrier

By  |  March 14, 2014

AT&T has been cleared by the Federal Communications Commission to acquire Leap, the nation’s sixth-largest wireless carrier, say reports.

The US Department of Justice has similarly approved of the $1.2 billion buy of the pay-as-you-go business on the agreement that AT&T divest airwaves in 12 geographical areas and keep plans at $40 per month or less.

According to reports, AT&T has been looking for ways to boost its spectrum since its failed attempt to acquire rival T-Mobile in 2011.

Full Content: Bloomberg

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