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Verizon Finalizes Several 700MHz Spectrum Sales

Feb 15, 2013, 12:55 PM by Eric M. Zeman

Verizon Wireless today announced that it has completed a handful of spectrum license sales to small telecommunications companies that it first announced last year. According to Verizon, Colorado Valley Communications finalized its spectrum purchase January 16, while both Nortex Communications and Panhandle Telecommunications System completed their purchases this week. Verizon Wireless has been selling off slices of 700MHz A and B Block spectrum as part of an agreement it struck with the Federal Communications Commission in 2012 in order to purchase 122 AWS spectrum licenses from a consortium of cable companies. Verizon still has a number of small spectrum sales pending.

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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???

Zpike

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 ...
(continues)

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