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AT&T announced today that it is acquiring spectrum from rival Verizon Wireless in a deal worth $1.9 billion.
AT&T is buying a swath of spectrum in the 700-MHz B block that covers 39 markets in 18 states including California, Texas, New York and Florida. Verizon is not using this spectrum and offered to make it available as part of its spectrum deal with cable providers.
In return for selling this parcel to AT&T, Verizon will get AWS spectrum from AT&T in Western cities such as Los Angeles, California, Phoenix, Arizona and Portland, Oregon.
About The Author
Kelly Hodgkins
Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.
