AT&T's Big Spend
The carrier revealed in a filing today that it "must provide to the FCC an initial down payment of $1.327 billion by ten business days from March 20, 2008."
The operator paid $500 million before the start of the auction and will need to stump up "the remaining balance of $5.309 billion on or before twenty business days from March 20, 2008."
The $6.636 billion that AT&T will pay for its for all the licenses won at auction mean that AT&T will have paid out nearly $10 billion for 700 MHz spectrum, including the $2.5 billion it laid out for bandwidth from Aloha Partners LP .
4G is going to be a costly business.
— Dan Jones, Site Editor, Unstrung