Firm to Buy AT&T 600 MHz Band Licenses

AT&T, Inc., has agreed to sell 16 of the 23 600 megahertz band licenses it won in the FCC’s incentive auction. LB License Co. LLC wants to buy the licenses, which cover markets such as San Francisco, Baltimore-Washington, Philadelphia, Dallas, Atlanta, and Seattle. “LB License Co is headed by a management team with extensive wireless operations expertise backed by sophisticated or institutional investors with deep experience in the telecommunications sector,” according to a public interest statement.

“For example, Columbia Capital and Telcom Ventures have more than $4 billion in combined capital under management and have been active investors in the wireless, satellite, and media industries. Columbia Capital and Telcom Ventures were lead investors in MetroPCS Communications, Inc., XM Satellite Radio Holdings, Inc., and other mobile services businesses.” Monish Kundra, a Columbia Capital partner, is listed on the transfer application as vice president of LB Spectrum Holdings LLC, which is LB License Co.’s parent company.

Courtesy TRDaily