AT&T, Verizon Wireless Swap Assets to Meet Regulatory Compliance
In order to comply with FCC requirements concerning their recent acquisitions, both AT&T and Verizon Wireless have agreed to swap certain wireless assets. Under the terms of the swap, AT&T will receive licenses, properties, assets and subscribers from Rural Celluar. This will let AT&T improve its coverage in New York, Kentucky, Vermont and Washington. In turn, AT&T will hand Verizon its former Dobson assets in Kentucky, spectrum in several markets, and cash. Both AT&T and Verizon have pending acquisition deals they are hoping to close.
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.
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.
AT&T Looking to Sell Assets for Cash
AT&T hopes to offset some of its debt by selling certain assets, reports Reuters. In particular, AT&T may offload several data centers worth about $2 billion, according to sources familiar with AT&T's plans.
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.
What about Oregon 6 and Oregon 3
No real big deal.