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.
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.
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.
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. and Verizon Wireless , the two biggest U.S. mobile-phone carriers, have joined a grassroots alliance of police and firefighters to oppose a government plan that could award disputed airwaves to smaller competitors.