Sirius XM Radio had been concerned that 30 megahertz of spectrum owned by America's second-largest carrier would interfere with some used by the satellite-radio operator on an adjacent band. But the two companies came to an agreement that was approved by the FCC on Wednesday.
AT&T will use 10 megahertz for fixed broadband and the other 20 for mobile broadband.
AT&T, Verizon Wireless and other wireless companies are buying up spectrum as fast they can to get a leg up on their competitors in the 4G LTE race. AT&T, for example, has recently purchased spectrum in the 2.3GHz band from Comcast, Horizon and NextWave, the Washington Post pointed out.
“ ... leading wireless carriers Verizon and AT&T have the potential to execute spectrum transactions so long as another national mobile-phone operator is not eliminated and each agrees to make sacrifices in the way of license divestitures and other conditions," said Medley Global Advisors' Jeff Silva, as quoted by the Post.