U.S. Cellular buying some 700MHz spectrum from Verizon
37 of its licenses dealing with the 700MHz spectrum. 11 different carriers have been on the other side of those transactions, including previous dealings with U.S. Cellular. To help get 4G LTE built out in rural areas, Verizon is leasing upper 700 MHz C-block spectrum to 20 rural operators.
Verizon also has to sell some of its 700MHz spectrum as part of a deal it made with the FCC. The agency allowed Verizon to purchase some AWS spectrum from a group of cable operators with the condition that Verizon sell off some of its 700MHz pipeline.
source: Verizon via Phonescoop