AT&T leases 55 3.45GHz licences from N Squared across 25 US markets

AT&T agreed to lease 55 3.45GHz licences from N Squared II, adding mid-band spectrum across 25 markets in about a dozen US states. Per an FCC filing, the operator will deploy the spectrum using radios already installed at its cell sites to boost throughput, cut latency and serve more users. Financial terms were not disclosed and the lease awaits FCC approval.

• Lease covers 55 3.45GHz licences from N Squared II in 25 US markets
• Spectrum will run on existing cell site radios without upgrades
• Adds to AT&T's 3.45GHz holdings after its $23bn EchoStar deal
• Subject to FCC approval; financial terms undisclosed