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.
"The spectrum licenses also includ...