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.
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.