AT&T (T) Buy Aloha, Ups Wireless Video Capacity

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AT&T (T) is paying $2.5 billion to buy wireless spectrum from Aloha Partners. According to The Wall Street Journal, Aloha’s footprint covers 196 million people. The spectrum blankets 72 of the nation’s top 100 markets.

The new spectrum will probably be used for 3G applications, including over-the-air video

Douglas A. McIntyre