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Article: AT&T Wireless Services Agrees to Amend Terms of Alaska Native Wireless Venture.
- Article from:
- Business Wire
- Article date:
- November 13, 2002
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Business Editors
REDMOND, Wash.--(BUSINESS WIRE)--Nov. 13, 2002
AT&T Wireless (NYSE:AWE) announced today that it had agreed to amend the terms of its participation in Alaska Native Wireless (ANW), which was the winning bidder on $2.9 billion of wireless licenses in the Federal Communication Commission's (FCC) Auction 35.
AT&T Wireless said that, given the extent of the delay and uncertainty surrounding Auction 35, it had agreed to revised terms that set its obligations to the other investors in the ANW venture. Both the delay and uncertain outcome of the Auction were outside the scope of expectations when the venture was formed in November 2000. ...