Verizon Wireless and Leap Look to Trade Spectrum
Verizon Wireless and Leap Wireless have filed paperwork with the Federal Communications Commission in hopes that the agency will approve a spectrum swap planned by the two companies. According to the filing, Leap will acquire a 12MHz channel of 700MHz A Block spectrum from Verizon, which covers 11 million POPs in Chicago. Leap will use the new spectrum in addition to spectrum it already owns to launch LTE services in Chicago. "With carriers worldwide upgrading to faster and more efficient LTE technology, Cricket's deployment of this technology is critical to its ability to deliver competitive services to customers in the coming years," Leap wrote in the filing. In return, Verizon Wireless will acquire 23 PCS licenses and 13 AWS-1 licenses from Leap covering 18.7 million POPs in various locations across the country. Verizon said it will use these spectrum assets to strengthen both its CDMA-EVDO 3G and Long Term Evolution 4G networks in those regions. Terms of the spectrum swap were not disclosed, though the companies said that Leap will make at least one payment to Verizon Wireless.
T-Mobile to Buy Chicago-Area Spectrum to Boost Coverage
T-Mobile today said it has agreed to buy 700 MHz spectrum from Leap in order to bring its "extended-range LTE" coverage to the Chicago metropolitan area. Specifically, T-Mobile is snagging A-Block 700 MHz spectrum covering Chicago, Elgin, Joliet, Waukegan, Evanston, Naperville, Aurora, Gary, Rockford, De Kalb, Janesville, Bloomington, Normal, Kankakee, Kenosha, and others.
FCC Says T-Mobile Can Buy Verizon's 700MHz Spectrum
The Federal Communications Commission has approved T-Mobile's proposed purchase of 700MHz A Block spectrum from Verizon Wireless. T-Mobile is paying Verizon $2.4 billion for the airwaves, and is also giving Verizon some PCS and AWS spectrum in return.
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 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.
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.
What? have we gone mad? Regulate this!
The FCC needs to have, in writing, how many jobs this particular measure is going to create before they allow Verizon and Leap to make a deal like this.