Home > Boards > US OTC > Delisted > Fibertower Corp. (fka FBBT)
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Alias Born 03/30/2018

Thursday, April 05, 2018 9:33:36 AM

Re: None

Post# of 4715

who is major stockholder?
FCC Form 603
Exhibit 1
Page 3 of 9
B. Description of the Transaction
On January 25, 2017, AT&T Mobility, FiberTower, and all of its stockholders entered
into a stock purchase agreement pursuant to which AT&T Mobility agreed to acquire all of the
outstanding stock of FiberTower Corporation, after which FiberTower Corporation will become
a wholly-owned subsidiary of AT&T Mobility. This will result in a transfer of control of
FiberTower Spectrum Holdings LLC’s licenses from FiberTower Corporation to AT&T
Mobility. Under the terms of the stock purchase agreement, AT&T is thus acquiring all of the
rights to FiberTower’s licenses and authorizations, including the licenses that are the subject of
the pending remand from the United States Court of Appeals for the District of Columbia Circuit
(the “D.C. Circuit”). The review and approval of this transaction therefore presents an ideal
opportunity to simultaneously address both the transaction itself and the Fiber Tower renewal
applications on remand. As explained in more detail below, granting FiberTower’s renewal
applications on remand as part and parcel of granting the transaction would resolve the litigation,
bring certainty to the mmW bands (and this transaction) and speed the deployment of 5G
services to consumers.

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