AT&T's making no secret of the fact it wants to snatch up as much spectrum as it possibly can, so news of the company's proposed acquisition of NextWave Wireless doesn't result in much of a shock. AT&T has agreed to purchase the company -- and all of its WCS (Wireless Communication Service) and AWS spectrum licenses and equity along with it -- for $25 million, pending FCC approval. If you count $25 million in contingency costs and the outstanding debt the big blue globe has also picked up, however, the total bill climbs to $600 million.
The deal comes shortly after AT&T partnered with Sirius XM to petition the FCC in the hopes that it would allow WCS (2.3GHz) spectrum to be opened up for LTE use -- mobile data is currently restricted by the federal body to prevent any interference with satellite radio. The government hasn't given the green light for this proposal yet (additionally, the NextWave deal isn't likely to be approved until later this year), but that's not stopping AT&T from its preparations just in case -- it plans to have WCS LTE ready for deployment in three years if everything works out in the carrier's favor.