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AT&T to purchase $1.9 billion of 700MHz spectrum from Verizon

Posted: , by Alan F.

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AT&T to purchase $1.9 billion of 700MHz spectrum from Verizon
AT&T is building out its LTE pipeline

AT&T is building out its LTE pipeline

To get the spectrum it needs to continue building out its 4G LTE pipeline AT&T plans on paying rival mobile operator Verizon $1.9 billion for  licenses covering spectrum in the 700MHz B band in 18 states. The spectrum to be purchased covers 42 million people living in California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.

Together with 700MHz B band spectrum already owned by AT&T, the carrier hopes to finish building out its 4G LTE service. The nation's second largest carrier has a goal in place to blanket 300 million people with its 4G LTE service by the end of 2014. As part of the transaction with Verizon, AT&T will sell a single AWS license to Grain Management while leasing 700MHz spectrum from them in three markets.

The entire deal requires regulatory approval, which means someone in the U.S. government is getting a nice lunch. The deal is expected to close in the second half of this year.

source: AT&T via Engadget 

14 Comments
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posted on 25 Jan 2013, 11:09 9

1. drnggaj33 (Posts: 127; Member since: 29 Feb 2012)


big ass drug deal there lol

posted on 25 Jan 2013, 22:40

11. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)


Wait, 700MHz B bands are 4g (lte)?
If that's true, then I did not know that!

posted on 28 Jan 2013, 23:00

14. win181 (Posts: 1; Member since: 28 Jan 2013)


heck yes

posted on 25 Jan 2013, 11:20 6

2. Slammer (Posts: 1061; Member since: 03 Jun 2010)


The Cartel continues........

John B.

posted on 25 Jan 2013, 13:22 2

3. Jeradiah3 (Posts: 1007; Member since: 11 Feb 2010)


im surprised that Verizon is making a deal with its biggest competitor!! As long as I have a good AT&T signal from coast to coast, i dont care lol

posted on 25 Jan 2013, 15:00 8

4. Slammer (Posts: 1061; Member since: 03 Jun 2010)


Verizon and AT&T were the children seperated at birth. Since then, they have helped each other grow while searching for each other. With the third largest carrier being a distant third, the two "Competitors", have much to gain by working, as I call; a cartel.

A Duopoly is worse than a Monopoly because it can keep regulators out of the nest. This Government of ours, has to be more engaged with consumers rather than coddling the wireless industry.

John B.

posted on 25 Jan 2013, 18:23 2

6. Gcombs (Posts: 133; Member since: 22 Aug 2011)


Well said Slammer!!!

posted on 25 Jan 2013, 16:13 3

5. Jyakotu (Posts: 821; Member since: 12 Dec 2008)


At least AT&T is doing everything in its power to build out its network. There are plenty of prepaid and MVNO carriers if customers don't want to sign a contract with one of the Big 4 national carriers.

posted on 25 Jan 2013, 18:29

7. JohnnyBravo (Posts: 105; Member since: 02 Dec 2012)


I have a HUGE problem with this...how about helping out smaller carriers bulk up??? This will further distance ATT and Verizon from the pack!! This is no good for the consumer. Im surprise Dan Hesse hasnt cried FOUL PLAY here!!!

Im begining to think there is something going on between these two...

posted on 25 Jan 2013, 20:43

10. user312 (Posts: 68; Member since: 21 Aug 2012)


If there is something going on the worst-case senario is that in the future they combine

posted on 26 Jan 2013, 08:43

12. Gcombs (Posts: 133; Member since: 22 Aug 2011)


Combining and once again becoming Bell Communications. That's far fetched but kinda scary. LOL

posted on 25 Jan 2013, 20:04 1

8. MartianMe (unregistered)


Google please hurry up and save us from these two evils :(

posted on 26 Jan 2013, 13:58

13. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)


There's good ol t-mobile

posted on 25 Jan 2013, 20:11

9. MartianMe (unregistered)


...... i meant devils

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