Verizon Wireless Buys NextWave Spectrum for $3 Billion
Nov 5, 2004, 11:07 AM by (staff)
Verizon Wireless today announced a $3 billion deal to acquire NextWave Telecom following its current bankruptcy reorganization. The deal will bring Verizon significant new spectrum in 22 key markets. Specifically, the spectrum includes 20 MHz PCS (1900 MHz) licenses in New York City, Washington, D.C., Boston, and Baltimore. Also included are 10 MHz PCS licenses in Los Angeles, Philadelphia, Detroit, Denver, Portland, Tulsa, and 13 smaller markets. The new spectrum will allow Verizon to significantly boost the voice and data capacity of its network in those markets. The purchase is expected to close by mid-2005.
AT&T and T-Mobile to Swap Some Spectrum
AT&T and T-Mobile have agreed to exchange some PCS and AWS-1 spectrum licenses in a handful of markets. The carriers said identical amounts of spectrum are being traded, so each carrier's spectrum position will remain unchanged in the covered markets.
T-Mobile Says It Will Start Using 600 MHz Spectrum This Year
"T-Mobile now has the largest swath of unused low-band spectrum in the country," said T-Mobile CEO John Legere about the company's 600 MHz auction winnings. The company successfully won an average of 31 MHz (ranging between 20 MHz and 50 MHz) of the 70 MHz low-band spectrum auctioned off by TV stations and the FCC.
Verizon Explains Why It Is Refarming PCS Spectrum
Verizon Wireless elaborated today on news it has begun to refarm its PCS spectrum for LTE. Verizon has already deployed LTE on its PCS spectrum in a limited scale across Manhattan and Cleveland, Ohio, with "about 10 other markets" currently in testing.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
It's about time
That 20mhz pcs licence will go over nicely with the customers I have up there.
Is was a good idea.
New market - Tulsa!