AT&T - History - 2007–2008 Restructuring - Transition To New Media

Transition To New Media

In June 2007, AT&T's new chairman and CEO, Randall Stephenson, discussed how wireless services are the core of "The New AT&T". With declining sales of traditional home phone lines, AT&T plans to roll out various new media such as Video Share, U-verse, and to extend its reach in high speed Internet into rural areas across the country. AT&T announced on June 29, 2007, however, that it was acquiring Dobson Communications. It was then reported on October 2, 2007 that AT&T would purchase Interwise for $121 million, which it completed on November 2, 2007. On October 9, 2007, AT&T purchased 12 MHz of spectrum in the prime 700 MHz spectrum band from privately held Aloha Partners for nearly $2.5 billion; the deal was approved by the FCC on February 4, 2008. On December 4, 2007 AT&T announced plans to acquire Edge Wireless, a regional GSM carrier in the Pacific Northwest. The Edge Wireless acquisition was completed in April 2008.

Read more about this topic:  AT&T, History, 2007–2008 Restructuring

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