Verizon Selling More 700MHz Airwaves to AT&T
Verizon Wireless today announced that it has struck new agreements to sell off portions of its 700MHz spectrum holdings to various companies. First, Verizon will sell 39 lower 700MHz B Block licenses to AT&T for $1.9 billion. As part of the agreement, AT&T will also give Verizon 10MHz blocks of AWS spectrum in Los Angeles and Fresno, Calif., Phoenix, Ariz., and Portland, Ore. Second, Verizon will sell lower 700MHz B Block licenses covering Charlotte, Greensboro, and Raleigh-Durham, N.C., to Grain Management for $189 million. Grain Management is a private equity firm based in Sarasota, Fla. Verizon will lease a single AWS license from Grain Management that covers Dallas, Texas. The transactions require regulatory approval before they can be completed. Verizon agreed last 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.
The Cartel Continues........
...that Verizon never should have been allowed to purchase A and B block in the first place. They never intended to use it. They were simply hoarding it.
Finally, someone with sense and integrity in...