AT&T, Verizon Wireless Swap Assets to Meet Regulatory Compliance
Dec 4, 2007, 1:43 PM by Eric M. Zeman
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.
more info at Wall Streeet Journal »
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Comments
| Subject | Author | Date |
| What about Oregon 6 and Oregon 3 | SPCSVZWJeff |
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| No real big deal. | Versed |
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