Panhandle Telecom Agrees to Buy 700MHz from Verizon
Verizon Wireless today announced that it has entered into an agreement to sell select 700MHz lower B Block spectrum licenses to Panhandle Telecommunications Systems. The transaction will give Panhandle the Texas RSA 2-Hansford license, which covers 12 counties in the northwest part of Texas. Verizon announced a similar deal with Nortex Communications on November 14. Verizon agreed earlier this year to sell some of its 700MHz spectrum holdings after the Federal Communications Commission gave it permission to purchase a large swath of AWS spectrum licences from a consortium of cable companies. Both the Panhandle and Nortex deals require regulatory approval before they can be completed.