AT&T to buy Verizon spectrum for $1.9 billion


1980s Dodge Ram Van Verizon

1980s Dodge Ram Van Verizon
(Photo credit: Wikipedia)

By Grant Gross – AT&T will buy mobile spectrum in the 700MHz band from Verizon Communications for US$1.9 billion.

In April, Verizon pledged to sell off two 12MHz blocks of mobile spectrum in the 700MHz band, including the B block, if U.S. regulators approved its purchase of spectrum from a group of cable providers. more> http://tinyurl.com/bchy4bj

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