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AT&T says it will pay an initial down payment of $1.3 billion to the Federal ... IT & Business Pros forum

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    hayden's Avatar
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    AT&T forking over a $1.3 billion down payment for auction wins

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    AT&T says it will pay an initial down payment of $1.3 billion to the Federal Communications Commission for its portion of wireless spectrum licenses it won in a government airwaves auction.

    AT&T says it will pay the down payment, of which $500 million was paid prior to the start of the auction, within the next 10 business days, according to a regulatory filing Friday. The remaining balance of $5.3 billion will be paid on or before April 17.

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    saukrateaz's Avatar
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    wow, I would have to get a 2nd job (part-time) to pay that kind of down payment.
    "When you do the common things in life in an uncommon way, you will command the attention of the world."
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