Ja: AT&T Wireless investing $1B

WIRELESS GIANT AT&T acquired its 16th licence in the Caribbean yesterday when it officially signed an agreement with the Jamaican Government to acquire a licence to provide a wireless service in Jamaica.

"This licence was awarded in consideration for the sum of $360 million and will involve an investment of $1 billion in the first 12 months of operations," said Minister of Commerce, Science and Technology Phillip Paulwell. He was speaking at the official signing ceremony at the Knutsford Court Hotel, New Kingston yesterday.