Verizon Seeks AWS Spectrum from Stelera
Verizon Wireless and a company called Stelera have filed paperwork with the Federal Communications Commission seeking consent to transfer spectrum licenses from Stelera to Verizon. According to the FCC, Stelera acquired the licenses in 2006 at auction but later filed for bankruptcy. Verizon believes the transfer is in the public interest because it will put the spectrum to use to bolster its LTE 4G network. If approved, Verizon will gain 10 to 40MHz of AWS-1 spectrum across 114 counties in Colorado, Kansas, New Mexico, and Texas. When combined with Verizon's current AWS-1 spectrum holdings, the Stelera acquisition would give Verizon 20 to 50MHz of spectrum across the covered regions. The FCC has accepted the application for review. No dollar value was placed on the spectrum transfer.
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.
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.
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.
Sprint to Sit Out AWS-3 Auction
Sprint today confirmed that it will skip an upcoming spectrum auction. "Sprint has decided not to participate in the FCC's AWS-3 auction, but will continue to evaluate the opportunities presented by the upcoming 600MHz incentive auction," said Sprint spokesman Jeffrey Silva to Bloomberg.