Verizon Grabs More Spectrum
Mar 14, 2005, 11:10 AM by (staff)
Verizon Wireless today announced a $102.5 million deal to purchase spectrum and other assets from Leap Wireless (Cricket). The spectrum consists of 23 licenses in Michigan, Wisconsin, Arkansas, Mississippi, Alabama and upstate New York. While most of the spectrum will simply add capacity to Verizon's existing network, the deal will also add nine new markets for Verizon, and expand the coverage area in four existing markets, adding 2.7 million people to the company's licensed footprint. The transaction is expected to close around the middle of 2005.
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.
T-Mobile to Buy Chicago-Area Spectrum to Boost Coverage
T-Mobile today said it has agreed to buy 700 MHz spectrum from Leap in order to bring its "extended-range LTE" coverage to the Chicago metropolitan area. Specifically, T-Mobile is snagging A-Block 700 MHz spectrum covering Chicago, Elgin, Joliet, Waukegan, Evanston, Naperville, Aurora, Gary, Rockford, De Kalb, Janesville, Bloomington, Normal, Kankakee, Kenosha, and others.
Verizon Might Skip 600MHz Incentive Auction
Verizon Wireless said it is comfortable with its spectrum holdings at the moment and may not bid in next year's auction for 600MHz airwaves. Verizon is only using 40% of its licensed spectrum for LTE, which gives it plenty of room to add capacity.
AT&T Says T-Mobile Opposing Spectrum Deal On Principle
T-Mobile and the Competitive Carrier Association are asking the FCC to deny AT&T's proposed acquisition of 700 MHz B Block licenses from Club 42. AT&T first filed its request with the FCC last year and now says T-Mobile and the CCA are trying to sink the deal for no good reason.
"The spectrum licenses also includ...