AT&T, Sirius Spectrum Compromise Wins FCC Approval

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The Federal Communications Commission has approved a plan jointly devised by AT&T (NYSE: T  ) and Sirius XM Radio (Nasdaq: SIRI  ) to resolve difficulties arising from the proximity of some of their respective spectrum assets, AT&T reported in a statement.The government regulator approved the plan unanimously.

AT&T has held 30 Mhz in the so-called Wireless Communications Service spectrum for years but has been unable to exploit it because of potential interference with the satellite-radio frequencies it surrounds, such as those Sirius owns. Under the compromise plan, first proposed this past summer, AT&T would use only 20 Mhz, allowing for a substantial buffer between its assets and those of Sirius.

Once the spectrum is freed, AT&T will use it for deployment of LTE, the next generation of high-speed wireless data transfer services.

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Eric Volkman and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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DocumentId: 2062763, ~/Articles/ArticleHandler.aspx, 10/21/2016 11:23:11 AM

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Related Tickers

10/21/2016 11:07 AM
SIRI $4.14 Up +0.01 +0.18%
Sirius XM Radio CAPS Rating: **
T $37.82 Down -0.83 -2.15%
AT and T CAPS Rating: ****