AT&T announces full acquisition of Edge Wireless
No, this has nothing to do with AT&T’s EDGE data network. It seems that AT&T has decided to pull the trigger and fully take over Pacific Northwest wireless carrier Edge Wireless. Now, AT&T already had a minority (35.7%) stake in the small-time network operator, but that just wasn’t enough for the nation’s largest carrier. Continuing the No. 1 US carrier’s spending spree (they just plunked down $2.8 billion to buy Dobson Communications ), AT&T presumably wanted access to Edge Wireless’s 172,00-strong subscriber base by folding Edge’s operations under the Big Blue umbrella. The move, if approved by the Feds, will give AT&T a wider GSM network to push its flagship handset - the iPhone. AT&T must have some massive cash on hand. They’re going through greenbacks like there’s no tomorrow - and the 700Mhz frequency auction is still on the horizon. We’re sure AT&T’s already considered their maximum bid and set aside a healthy chunk of change for the auction, but it’s still amazing to see just how much money the carrier has been spending recently. [Via: Electronista ] --- Related Articles at IntoMobile:
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