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.
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.
T-Mobile and Verizon Agree to Another Spectrum Swap
T-Mobile and Verizon Wireless have petitioned the FCC for permission to swap AWS and PCS spectrum licenses in 92 counties and/or 41 Cellular Market Areas around the country. The companies propose to switch spectrum licenses, but not cellular assets or customers.
Verizon Might Skip 600MHz Incentive Auction
Verizon Wireless said it is comfortable with its spectrum holdings at the moment and may not bid in next year's auction for 600MHz airwaves. Verizon is only using 40% of its licensed spectrum for LTE, which gives it plenty of room to add capacity.
Sprint, T-Mobile Want FCC to Eye AT&T's Spectrum Spree
Sprint, T-Mobile, and others want the FCC to "carefully scrutinize" a number of AT&T's proposed low-band spectrum acquisitions. AT&T has asked the FCC for permission to purchase 700MHz spectrum from a range of small companies around the country.
FCC Awards Spectrum Licenses to AWS-3 Bidders
The FCC today officially granted some winning bidders in the AWS-3 spectrum auction the licenses allowing them to take ownership of the airwaves. The AWS-3 spectrum auction concluded earlier this year, with AT&T, Dish Networks, T-Mobile, and Verizon Wireless the top four bidders.
$9.4 billion spent on 700mhz licenses, just to sell a few?