THE DEAL: AT&T Inc. has agreed to buy NextWave Wireless Inc., which holds the right to use sections of the wireless spectrum that could be used for broadband.

THE MONEY: It’s paying up to $600 million, most of which will go toward paying off NextWave debt. That also includes $25 million for the shares, plus an additional $25 million if certain conditions are met.

Recommended Stories

Trump says boycotting AT&T could force ‘big changes’ at CNN

Disney ups bid for 21st Century Fox to $71.3 billion

Presley to challenge AT&T law