FCC Approves AT&T Purchase of Qualcomm Licenses
Federal regulators approved AT&T Inc.’s $1.9 billion acquisition of airwaves from Qualcomm Inc. Thursday, giving AT&T a much-needed boost after its deal to acquire T-Mobile USA fell apart.
The Federal Communications Commission signed off on the deal Thursday on a 3-1 vote, with minor conditions, FCC officials said. The approval means that AT&T and Qualcomm could close the deal by the end of the year.