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AT&T to be cleared for Verizon spectrum deal by the FCC

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AT&T's spokesman, Mark Siegel, has been busy lately explaining all kinds of blunders. This time however, he didn't have to blush for the reporters, but announced that AT&T is close to signing off on the $2.35 billion deal for Verizon's rural spectrum by month's end as planned.

The Federal Communications Commission chairman has been cited to ask four other members to approve the deal, which will be voted on in the coming weeks. The rural spectrum was property of Verizon, but had to be put on the market in order for the carrier to win regulatory approval for its own Alltel buyout.

source: Reuters

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