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.”
About Shelly Palmer
Named one of LinkedIn’s Top 10 Voices in Technology, Shelly Palmer is Managing Partner at Palmer Advanced Media, a technology-focused strategic advisory practice that helps Fortune 500 companies and growth-stage companies with digital strategy, data science, marketing, branding, and business development. He is Fox 5 New York's on-air tech and digital media expert and a regular commentator on CNBC and CNN. @shellypalmer or visit shellypalmer.com.
Like it? Tweet it.
"AT&T Buys $1.9 Billion in Wireless Spectrum from Verizon" by @ShellyPalmer
600,000 subscribers and counting...
We write a daily newsletter featuring current events and the top stories in technology, media, marketing and entertainment.Subscribe