AT&T Tuesday announced that it has agreed to purchase 49 AWS licenses from Aloha Partners.
According to a press release, the licenses cover nearly 50 million people in 14 states, including California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania and Texas.
The acquisition complements AT&T’s existing AWS holdings. AT&T will likely use the spectrum to exapnd the coverage and capacity of its LTE network, which now covers more than 270 million people in more than 500 markets.
Financial terms of the agreement were not disclosed.
The transaction is subject to regulatory approval, but AT&T anticipates closing the deal in the second half of 2014.
AT&T isn't the only one scooping up airwaves. T-Mobile recently announced that it will purchase $2.4 billion worth of 700 MHz A-Block licenses from Verizon.