Verizon & AT&T Swap Spectrum in $1.9 Billion Deal

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Verizon announced on Friday that it has sold spectrum in the 700 MHz band to AT&T, while AT&T sold spectrum in the AWS band to Verizon. The deal is part of the cell phone industry's eternal efforts to balance its spectrum use across the U.S.

AT&T paid almost $2 billion for Verizon radio spectrumAT&T paid almost $2 billion for Verizon radio spectrum

AT&T will pay US$1.9 billion as well as "AWS (10 MHz) licenses in certain western markets, including Los Angeles, Phoenix, Fresno and Portland, Oregon" to Verizon. For that price, AT&T is getting 39 lower 700 MHz B Block licenses in several markets throughout the US.

Those markets:

  • Chicago, IL
  • Los Angeles, CA
  • Miami, FL
  • Oklahoma City, OK
  • Cincinnati, OH
  • Memphis, TN
  • West Palm Beach,
  • FL Rochester, NY
  • Youngstown, OH
  • Lake Charles, LA
  • Fort Collins, CO
  • Bradenton, FL
  • Alexandria, LA
  • Billings, MT
  • Rapid City, SD
  • Tyler, TX
  • Longview, TX
  • Waco, TX
  • Texarkana, TX
  • Great Falls, MT
  • Pueblo, CO
  • Casper, WY
  • Utah 1, 4, 5 and 6
  • Louisiana 1, 2 and 3
  • Wyoming 2
  • Washington 2
  • Idaho 5
  • Texas 18
  • Colorado 4
  • New Mexico 5
  • Virginia 10
  • Montana 8 and 9
  • South Dakota 1

Verizon also said it was licensing LTE spectrum to 20 rural operators in order to jumpstart the deployment of LTE in rural America.

[Some image elements courtesy Shutterstock]

Comments

iJack

I read every word, but I still don’t know what it means.
Should I be looking for my jar of Vaseline?

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