Verizon Wireless found a buyer for more of its unwanted 700MHz wireless spectrum.
On Tuesday, Verizon announced it has struck a deal with regional carrier U.S. Cellular to sell its 700MHz A block spectrum licenses in Oklahoma City and in 31 surrounding counties. The licenses cover roughly 1.9 million potential customers. Terms of the deal were not disclosed. The Federal Communications Commission must still approve the transaction.
Verizon acquired some 700MHz licenses in the lower A block in various markets during the FCC's 2008 auction. It also bought the nationwide 700MHz in the upper C block. Verizon … Read more