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Verizon Finalizes Several 700MHz Spectrum Sales

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Jayshmay

Feb 15, 2013, 2:41 PM

$9.4 billion spent on 700mhz licenses, just to sell a few?

Can someone enlighten me as to the logic of spending $9.4 billion on something just to sell it???
Ummm... they didn't. Verizon still holds the majority of its 700 MHz spectrum. They're just selling off blocks of spectrum that would create a conflict in markets where they bought AWS spectrum from that cable company consortium. This was required by ...
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