Verizon Wireless is unloading a swath of spectrum on AT&T for $1.9 billion.
The spectrum, part of Verizon's 700MHz B block, which it isn't using itself, will likely be used by AT&T to further augment its 4G LTE deployment as it looks to strengthen and broaden its coverage. As part of the deal announced today, AT&T will give up a few wireless licenses covering select western markets.
The deal is part of Verizon's promise that it would make available its 700MHz B block spectrum. That promise was made to convince … Read more