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Verizon Finalizes Several 700MHz Spectrum Sales

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

Jayshmay

Feb 15, 2013, 2:41 PM
Can someone enlighten me as to the logic of spending $9.4 billion on something just to sell it???
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Zpike

Feb 15, 2013, 4:14 PM
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 the FCC for them to get approval to buy the spectrum. Why do I get the feeling you didn't read the article?
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