Verizon Scores AWS Spectrum for $3.6 Billion
Verizon Wireless today announced that it has agreed to purchase 122 Advanced Wireless Services spectrum licenses covering 259 million POPs for $3.6 billion from SpectrumCo. SpectrumCo is a joint venture between Comcast, Time Warner Cable, and Bright House Networks. Comcast owns 63.6% of SpectrumCo and will receive $2.3 billion from the sale; Time Warner Cable owns 31.2% and will receive $1.1 billion; and Bright House Networks owns 5.3% and will receive $189 million. The companies have agreed to resell Verizon's products and services to their own customers rather than create and run their own wireless network. They also set up an innovation joint venture to explore how best to integrate wireless and wireline services in the future. AWS spectrum lays in the 1700MHz band. Verizon Wireless's CDMA network runs on the 850MHz and 1900MHz PCS bands, and its LTE network operates on 700MHz spectrum. Verizon has not said what it intends to do with this new spectrum, other than to offer "even better 4G LTE products and services" to Americans. Verizon didn't say when it expects the deal to close, and it has to pass regulatory approval, first.
Jun 3, 2019
The FCC today announced the results of its recent auctions of mmWave radio bands for 5G services. AT&T and T-Mobile were the big winners, both scoring 24 GHz licenses covering most major US cities, including New York, Los Angeles, Chicago, San Francisco, Philadelphia, Baltimore, Washington, Houston, Seattle, Boston, Dallas, Miami, Phoenix, Atlanta, Detroit, San Diego, Orlando, Minneapolis-St.
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
Jun 14, 2018
AT&T today said it has completed its purchase of Time Warner, a deal originally valued at $85.4 billion when it was announced in October 2016. Earlier this week, a U.S.
Apr 19, 2018
Motorola today announced four new affordable Android phones coming to the U.S. market before mid-year.
Jan 27, 2017
Comcast intends to sell wireless service alongside its internet, TV, and home phone offerings later this year. Comcast has not built its own wireless network; rather, it is making good on a reseller agreement it signed with Verizon Wireless back in 2012.