FCC Approves Transfer of AT&T Spectrum to T-Mobile

T-Mobile said Wednesday that the FCC had approved AT&T's transfer of spectrum in 12 of the top 20 markets to T -Mobile as part of its multibillion dollar breakup fee after the FCC and Justice rejected the merger between the two companies.

The transfer was a requirement under the merger contract the companies agreed to last year. The provision required that if the companies could not complete their $39 billion merger bid, AT&T would pay T-Mobile $3 billion in cash and $1 billion in wireless spectrum assets.

T-Mobile USA plans to use the spectrum to help it upgrade its network for higher-speed data services. T-Mobile USA has committed to spend $4 billion on improving its network and deploying new technology in 2013.

"We applaud the FCC for acting swiftly to approve the transfer of these spectrum licenses," said Neville Ray, chief technology officer for T-Mobile USA. "Securing this additional spectrum was a key catalyst for our plans to launch LTE in 2013 and is therefore good news for our customers."

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