NEW YORK, Jan 7 (Reuters) - AT&T Inc said on Tuesdaythat it agreed to buy 49 spectrum licenses from privately heldAloha Partners to cover nearly 50 million people in 14 states inorder to beef up its network to support increasing demand formobile internet services.
The No. 2 U.S. mobile service provider did not disclose thefinancial terms of the deal which it hopes to close in thesecond half of the year after a regulatory review.
The news came a day after smaller rival T-Mobile U.S. said it had agreed to buy $3.3 billion of spectrum frommarket leader Verizon Wireless .
Vodafone (VOD)