Verizon Wireless Snaps Up Qwest Spectrum, Network
Jul 1, 2004, 5:42 PM by (staff)
Qwest and Verizon Wireless today announced an agreement for Verizon Wireless to purchase all of Qwest's current wireless network equipment and spectrum. The $418 million cash deal includes 62 major markets spanning 14 states. Qwest will keep its customers, and continue to offer wireless service via Sprint's network. The deal will allow Verizon to offer service for the first time in Rochester and St. Cloud, MN; Lincoln, NE; and Longview, WA. In the remaining areas, the assets will be used to enhance existing service and add capacity. The transaction is expected to close in the fourth quarter of this year or early 2005.
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.
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.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.
Comcast to Launch Mobile Phone Service Mid-Year
Comcast intends to sell wireless service alongside its internet, TV, and home phone offerings later this year. Comcast has not built its own wireless network; rather, it is making good on a reseller agreement it signed with Verizon Wireless back in 2012.
The shape of things to come?
I think its going to end being verizon vs. cingular vs. nextel/sprint.
Sprint and nextel MUST develop some sort of partnership to use the MMDS spectrum which they share. Both are investigating flarion for tha...
Someone stop me when I'm wrong but it seems as though Verizon is buying up Qwest like Cingular did with ATTWS. With both Quest and AWS using the Sprint Network. So if my crystal ball is correct (which it seldom is) The Mar