{"id":639967,"date":"2013-01-25T12:07:54","date_gmt":"2013-01-25T17:07:54","guid":{"rendered":"http:\/\/www.webpronews.com\/?p=213271"},"modified":"2013-01-25T12:07:54","modified_gmt":"2013-01-25T17:07:54","slug":"verizon-wireless-sells-spectrum-to-att-for-1-9-billion","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/639967","title":{"rendered":"Verizon Wireless Sells Spectrum to AT&T For $1.9 billion"},"content":{"rendered":"

According to a regulatory filing with the U.S. Securities and Exchange Commission, AT&T<\/a> has agreed to acquire spectrum<\/a> licenses from Verizon Wireless<\/a> for $1.9 billion. The 700 MHz Block B licenses will cover 42 million people in California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.<\/p>\n

The deal also includes AT&T handing over to Verizon Advanced Wireless Services (AWS) spectrum licenses in markets such as Phoenix, Los Angeles, Fresno, and Portland, Oregon.<\/p>\n

The transaction is subject to regulatory approval by the U.S. Federal Communications Commission (FCC) and the U.S. Department of Justice (DOJ), but AT&T expects the transaction to be completed sometime in the second half of 2013.<\/p>\n

The transaction is part of a 700 MHz spectrum sale that Verizon announced last year. The sale is part of an agreement made with U.S. regulators so that Verizon could acquire spectrum from cable companies<\/a> such as Comcast and Time Warner.<\/p>\n

This spectrum acquisition comes just after AT&T announced this week that it will buy Alltel for $780 million. Alltel is a smaller wireless carrier that serves around 585,000 subscribers in the rural areas of Georgia, North Carolina, South Carolina, Illinois, Ohio, and Idaho. AT&T announced last year that its goal is to provide 300 million Americans with access to its 4G LTE network by 2014.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a regulatory filing with the U.S. Securities and Exchange Commission, AT&T has agreed to acquire spectrum licenses from Verizon Wireless for $1.9 billion. The 700 MHz Block B licenses will cover 42 million people in California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, […]<\/p>\n","protected":false},"author":7356,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-639967","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/639967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7356"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=639967"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/639967\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=639967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=639967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=639967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}