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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.
Despite being one of the market's biggest winners since bottoming out three years ago, there is still some healthy upside to be had if things go right for Sirius XM -- and plenty of room to fall if things don't. Read all about Sirius in our brand-new premium report. To get started, just click here now.