AT&T Seen as Unloading Incentive Auction Licenses It Didn't Want or Need
Columbia Capital’s acquisition of 16 incentive auction licenses in 11 cities from AT&T wasn’t a surprise since AT&T likely got caught buying licenses it didn’t want or need, industry officials said Monday. AT&T already had low-band spectrum from the original…
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700 MHz auction, and picked up access to 20 MHz of 700 MHz spectrum nationwide through its FirstNet contract. The two companies didn’t comment Monday and haven't disclosed the purchase price. AT&T bid just $910 million for 23 licenses in the auction, which ended last year (see 1704130056). AT&T filed a document at the FCC indicating it would transfer its 600 MHz holdings to LB License Company, an affiliate of Columbia Capital, an Alexandria, Virginia-based investment firm, which specializes in wireless. Earlier, Facticia reported that LB was trying to raise $928 million for undisclosed expenses. Michael Calabrese, director of the Wireless Future Program at New America tweeted “@ATT now has access to public safety spectrum nationwide (700 MHz 'D Block').” He said “600MHz was insurance, but [AT&T] has plenty of pricey low-band spectrum for coverage; will put it's [sic] focus now on lower-cost, higher-bands for capacity.”