AT&T looks to sell 600 MHz spectrum to LB License Co [telecom]

by Colin Gibbs

AT&T is looking to sell off what appears to be nearly $1 billion worth of 600 MHz spectrum after locking up all 50 states to its FirstNet offering last week.

Just what will become of those airwaves is far from clear, however.

The nation's No. 2 mobile network operator filed a document with the FCC indicating it would transfer its 600 MHz holdings to LB License Company, an affiliate of Columbia Capital, a Beltway-area venture firm focused on telecom and media. While the filing doesn't disclose terms of the deal, the website Facticia earlier this week reported LB Spectrum Holdings planned to raise $928 million. AT&T's full FCC filing is available at the bottom of this article.

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Bill Horne
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