OKLAHOMA CITY-Dobson Communications Corp.’s chances in the upcoming Federal Communications Commission C- and F-block auction are about $200 million better, thanks to an investment by AT&T Wireless Group.
AT&T’s investment will be made through a purchase of series A convertible preferred stock, which will increase AT&T’s ownership of the company from 4.6 percent to about 13 percent.
Dobson is eligible for the Dec. 12 auction through its subsidiary, DCC PCS Inc. Dobson provides cellular phone service in various rural markets across the United States.
