ATT To Acquire 700 MHz Spectrum From Verizon Wireless

ATT To Acquire 700 MHz Spectrum From Verizon Wireless – ATT just announced through its press release that the carrier agree to acquire 7000 MHz spectrum from Verizon Wireless in B block for $1.9 billion.



ATT Spectrum

ATT acquire the 7000 MHz B block form Verizon Wireless in cash and will get advanced wireless services or AWS spectrum licenses in several markets such as Phoenix, Arizona, Los Angeles and Fresno, California and Portland, Oregon.

The new spectrum deal is part of Verizon's promise that it would make available its 700MHz B block spectrum. That promise was made to convince regulators to approve a separate deal to acquire a larger swath of spectrum from cable providers. As CNET reported.

The 700 MHz licenses to be acquired by AT&T cover 42 million people in 18 states — California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.



Source: ATT

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