AT&T to purchase $1.9 billion of 700MHz spectrum from Verizon
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
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!
3. Jeradiah3 (Posts: 1023; 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
4. Slammer (Posts: 1498; 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.
5. Jyakotu (Posts: 838; 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.
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...
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
12. Gcombs (Posts: 133; Member since: 22 Aug 2011)
Combining and once again becoming Bell Communications. That's far fetched but kinda scary. LOL
8. MartianMe (unregistered)
Google please hurry up and save us from these two evils :(
9. MartianMe (unregistered)
...... i meant devils