Verizon Selling Some 700MHz Spectrum to U.S. Cellular
Verizon Wireless today announced that U.S. Cellular has agreed to purchase some of its 700MHz A Block spectrum licenses in Oklahoma City and 31 other counties throughout Oklahoma. In total, about 1.9 million POPs are covered by the licenses in question. Terms of the deal were not disclosed and it requires regulatory approval before it can be completed. Verizon agreed earlier this year to sell some of its 700MHz spectrum after the Federal Communications Commission gave it permission to purchase AWS spectrum licences from a consortium of cable companies.