AT&T’s proposed buyout of Leap Wireless is a...
AT&T’s proposed buyout of Leap Wireless is a “brilliant spectrum chess move … likely strengthening its own position and weakening the potential spectrum position” of competitors Verizon Wireless and T-Mobile US, said Wells Fargo analyst Jennifer Fritzsche in an email…
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to investors Monday. In July, AT&T offered to buy Leap for $1.2 billion (CD July 15 p1). The deal will not only allow AT&T to “deepen its own AWS holdings” -- it will likely mean Verizon Wireless will be limited to 30 MHz or less of AWS spectrum in about 14 of the top 40 U.S. markets, and will limit T-Mobile to 30 MHz or less AWS spectrum in 10 top markets, Fritzsche said. Leap “plays an important role for many carriers (3 to be exact) in allowing it to get the sought after 20 x 20 channel -- not just AT&T,” she said.