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.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
AT&T and Pine Cellular Seek to Swap Spectrum Leases
AT&T and Pine Cellular have asked the FCC for permission to lease one another's spectrum. AT&T wants to snag a leased license in the Lower 700MHz B Block in parts of Arkansas from Pine.
Verizon Sees No More Big Spectrum Grabs In Its Future
Verizon today said it doesn't believe it will need to make any more large spectrum acquisitions following the results of the recent AWS-3 spectrum auction. Verizon netted 181 spectrum licenses at a cost of $10.4 billion.
AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing.
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.
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...