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.
|It's about time||GWFOX||
|New market - Tulsa!||Rich Brome||
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