In a move to further boost its 4G LTE deployment in the US, AT&T has acquired a batch of 700 MHz B band spectrum from its major rival Verizon in a $1.9 billion cash deal. AT&T says that the 700 MHz licenses will cover more than 42 million people across 18 US states, which include California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming. The operator will also receive Advanced Wireless Services (AWS) spectrum licenses in five of those markets. According to AT&T, its spectrum purchase will “complement [its] existing holdings in the 700 MHz B band and will allow AT&T to continue to deploy 4G LTE services to meet demand for mobile Internet services on a wide array of smartphones, tablets and other devices.”
AT&T Buys $1.9 Billion in Wireless Spectrum from Verizon
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).