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.
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Comments
It's about time
Good work VZW on buying up much needed spectrum in these markets. Maine in particular!
That 20mhz pcs licence will go over nicely with the customers I have up there.
That 20mhz pcs licence will go over nicely with the customers I have up there.
Spectrum is invaluable. It appreciates, unlike equipment, and it is scare. Get it now or may never have the chance. They also have the dollars to pick it up (unlike sprint).
Is was a good idea.
Is was a good idea.
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This will affect Maine? I did not see Maine listed, unless we fall under the Boston area. I live in Maine, and that would definitley be a good thing... more coverage up here! 🙂
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They STILL won't be here. But thats ok, we have cingular. :-)
New market - Tulsa!
I just noticed that this also gives them a whole new market where they had no spectrum at all before: Tulsa, Oklahoma. They can now build a network there. 🙂
