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U.S. Cellular buying some 700MHz spectrum from Verizon

U.S. Cellular buying some 700MHz spectrum from Verizon
The nation's largest mobile carrier, Verizon, has agreed to sell some of its 700MHz spectrum to U.S. Cellular. Involved in the transaction is the Oklahoma City 700 MHz A block license covering Oklahoma City and 31 other counties within the state of Oklahoma which covers 1.9 million people. Terms of the purchase were not disclosed and the FCC must still sign off on the deal.

Big Red has been on a selling spree with its 700MHz spectrum. Since 2011, the operator has sold or has agreed to enter into a deal to sell 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

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