AT&T Inc., the second-biggest U.S. wireless carrier, agreed to acquire airwaves from larger rival Verizon Wireless for $1.9 billion, helping bolster its network in a region that covers 42 million people.
Roni Elovitch replaced furniture and rebuilt walls in her home after Superstorm Sandy submerged parts of Fire Island, New York. She’s dismayed Verizon Communications Inc. won’t embark on a post-hurricane refurbishing of its own.
Verizon Wireless and cable companies led by Comcast Corp. filed agreements with the U.S. government to sell each others’ services, and said the deals shouldn’t be part of a regulatory review of their $3.6 billion airwaves sale.
AT&T Inc.’s $1.2 billion deal to buy Leap Wireless International Inc. would probably win approval from U.S. regulators, who may demand the company give up airwaves where its holdings surpass federal benchmarks.