Paul Allen to sell wireless licenses to AT & T
NEW YORK (AP) – Charter Communications Chairman and Microsoft Corp. co-founder Paul Allen agreed to sell wireless spectrum licenses in Oregon and Washington to a unit of telecommunications company AT&T Inc., according to a document filed with the Federal Communications Commission.
Allen has agreed to sell the licenses through his Vulcan Spectrum limited liability company to AT&T Mobility.
AT&T spokesman Michael Coe said the company is not disclosing financial terms.
Coe said AT&T is buying the licenses to meet customer demand and to support its transition to Long Term Evolution, or LTE, a next-generation wireless network technology that promises to be faster than current standards.
The wireless spectrum was acquired in 2003 and covers Seattle and Portland.
The C-Block licenses are within the 700 MHz frequency. This spectrum was freed up for wireless use after the digital transition.