Verizon Finalizes Several 700MHz Spectrum Sales
Verizon Wireless today announced that it has completed a handful of spectrum license sales to small telecommunications companies that it first announced last year. According to Verizon, Colorado Valley Communications finalized its spectrum purchase January 16, while both Nortex Communications and Panhandle Telecommunications System completed their purchases this week. Verizon Wireless has been selling off slices of 700MHz A and B Block spectrum as part of an agreement it struck with the Federal Communications Commission in 2012 in order to purchase 122 AWS spectrum licenses from a consortium of cable companies. Verizon still has a number of small spectrum sales pending.
$9.4 billion spent on 700mhz licenses, just to sell a few?