AT&T is acquiring for $2.5 billion a collection of 700 MHz spectrum licenses owned by Aloha Partners. By making the move in advance of the upcoming 700 MHz auction scheduled for January 2008, AT&T may also affect the plans of other potential bidders. Perhaps the carrier also is trying to lessen the effect any potential delay in the upcoming auction could have on its ongoing wireless strategy. The Federal Communications Commission hasn't suggested there will be a delay, but the agency faces a lawsuit filed by Verizon over its rules for the auction. Here's a story in InformationWeek.