January 25, 2013 at 10:40 AM EST
AT&T To Acquire 700 MHz Spectrum From Verizon For $1.9B In Cash And AWS Spectrum Licenses
AT&T has announced a deal with Verizon Wireless that will allow the company to continue to build out its 4G LTE network in the U.S., through the acquisition of 700 MHz spectrum from Verizon Wireless. The 700 MHz band was originally used to broadcast analog TV channels, but the transition to digital TV made them available for auction in 2008. Verizon won Block A during that auction, along with U.S. Cellular, with licenses covering urban areas, while AT&T was the biggest buyer, acquiring 227 licenses in the sale.
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AT&T has announced a deal with Verizon Wireless that will allow the company to continue to build out its 4G LTE network in the U.S., through the acquisition of 700 MHz spectrum from Verizon Wireless. The 700 MHz band was originally used to broadcast analog TV channels, but the transition to digital TV made them available for auction in 2008. Verizon won Block A during that auction, along with U.S. Cellular, with licenses covering urban areas, while AT&T was the biggest buyer, acquiring 227 licenses in the sale.

AT&T uses the 700 MHz spectrum to provide 4G LTE coverage to its customers in the U.S., along with spectrum in the AWS band. As part of the deal, it is providing licenses of the AWS spectrum in several markets, including LA, Fresno and Portland, to Verizon for use in the continued deployment of its network. AT&T’s spectrum acquisition will allow it to deploy LTE covering 42 million people across 18 states, the company said in a press release.

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