AT&T to purchase $1.9 billion of 700MHz spectrum from Verizon
posted by Alan F. / Jan 25, 2013, 11:01 AM
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
Posts: 127; Member since: Feb 29, 2012
big ass drug deal there lol
posted on Jan 25, 2013, 11:09 AM 9
Posts: 1149; Member since: Feb 11, 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 Jan 25, 2013, 1:22 PM 2
Posts: 1515; Member since: Jun 03, 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 Jan 25, 2013, 3:00 PM 8
Posts: 105; Member since: Dec 02, 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 Jan 25, 2013, 6:29 PM 0
Posts: 68; Member since: Aug 21, 2012
If there is something going on the worst-case senario is that in the future they combine
posted on Jan 25, 2013, 8:43 PM 0
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):