AT&T Cleared to Buy Airwaves & Subscribers from Atlantic Tele-Network and 2 More Heavily Traded Stocks to Follow
AT&T Inc. (NYSE:T): Current price $34.32
On Friday, AT&T was cleared by United Stated regulators to buy airwaves and subscribers from Atlantic Tele-Network Inc. In an order posted on its website, the Federal Communications Commission okayed the deal that it said will garner 620,000 new customers for AT&T, the number-two domestic wireless carrier. Atlantic Tele-Network operates under the Alltel brand in six states, primarily in the southern and midwestern United States. Led by its Chief Executive Randall Stephenson, AT&T has been buying up airwaves in an attempt to catch up with the mobile carrier Verizon Wireless.