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

0. phoneArena posted on 25 Jan 2013, 11:01

An 8-K filing with the SEC by AT&T has revealed that the mobile operator is planning on buying $1.9 billion of spectrum from Verizon in the 700MHz area and the spectrum being acquired by AT&T covers 32 million people living in 18 states; the transaction will help AT&T continue to roll out its 4G LTE service that should reach 300 million people by the end of next year...

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1. drnggaj33 posted on 25 Jan 2013, 11:09 9 0

big ass drug deal there lol

11. Nadr1212 posted on 25 Jan 2013, 22:40 0 0

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

14. win181 posted on 28 Jan 2013, 23:00 0 0

heck yes

2. Slammer posted on 25 Jan 2013, 11:20 6 0

The Cartel continues........

John B.

3. Jeradiah3 posted on 25 Jan 2013, 13:22 2 0

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 posted on 25 Jan 2013, 15:00 8 0

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.

6. Gcombs posted on 25 Jan 2013, 18:23 2 0

Well said Slammer!!!

5. Jyakotu posted on 25 Jan 2013, 16:13 3 1

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 posted on 25 Jan 2013, 18:29 0 0

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 posted on 25 Jan 2013, 20:43 0 0

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

12. Gcombs posted on 26 Jan 2013, 08:43 0 0

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

8. MartianMe posted on 25 Jan 2013, 20:04 1 1

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

13. Bernoulli posted on 26 Jan 2013, 13:58 0 0

There's good ol t-mobile

9. MartianMe posted on 25 Jan 2013, 20:11 0 1

...... i meant devils

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