AT&T Acquires Nextwave To Improve Spectrum Strategy
AT&T has decided to acquire Nextwave Wireless Inc., a wireless technology firm, as part of it’s spectrum strategy. The acquisition calls for AT&T to pay up to $50 million as well as the repurchase of debt from bondholders.
Nextwave’s stock rose from .25 a share at close on Wednesday to $1.25 in recent trading based on news of the acquisition.
