Fibertower Corp fka FBBT

[Sandpaints]

"Now, however, some FiberTower shareholders are raising concerns about value ascribed to some of the company’s licenses. In recent filings with the U.S. Bankruptcy Court for the Northern District of Texas (where FiberTower’s bankruptcy proceeding started in 2012), some FiberTower shareholders are urging the court to reconsider AT&T’s purchase of FiberTower. They claim that hundreds of FiberTower spectrum licenses were assigned a value of $0.00.

The full details of AT&T’s purchase of FiberTower have not yet been made public, and therefore AT&T’s final price tag for FiberTower’s licenses may change. Indeed, in her letter, Rep. Eshoo estimated AT&T paid roughly $2 billion for the licenses, based on the price Verizon paid for Straight Path. But AT&T’s purchase of FiberTower may now face complications due to the ongoing debate in the bankruptcy court.

AT&T declined to comment on the situation beyond its press releases."

Within the Fiercewireless story By Mike Dano are several links, including one to the Richard Fahy objection at the U.S. Bankruptcy court. AT&T is now stonewalling, but how long can that last we will see.