Verizon to Buy AWS Spectrum from Cox for $315 Million
Verizon Wireless and Cox Communications today announced that Verizon has agreed to purchase a 20 MHz block of 1700 MHz (AWS) spectrum from Cox for $315 million. The spectrum in question covers 26 million POPs in various markets around the country. Verizon Wireless and Cox have also entered into an agreement to resell one another's services at a wholesale level. Cox announced earlier this year plans to cease offering its own wireless services and shut down its network in March of 2012. The spectrum purchase must be approved by the government before it can be completed.
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