AT&T Buys Verizon Spectrum For $1.9 Billion

Days after paying $780 million in cash to buy Atlantic Tele-Network Inc's Alltel wireless business, U.S. carrier AT&T has acquired wireless airwaves from Verizon Wireless for $1.9 billion in cash.

The spectrum being bought is part of Verizon's 700MHz B block, which it doesn't utilize. As part of the deal, AT&T will give up a batch of wireless licenses covering certain western markets. AT&T said the licenses it's buying from Verizon covers a population of 42 million within 18 U.S. states.

"While on the surface this appears to be a rich price, we would note that the B block licenses that AT&T is acquiring are concentrated in major metropolitan markets," said Wells Fargo analyst Jennifer Fritzsche.

During the August of 2012, AT&T, which is investing $14 billion to upgrade its wireless networks in order to expand 4G LTE coverage, purchased wireless company NextWave Wireless Inc for its spectrum holdings for $50 million and $550 million of debt.

 

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  • Wait we have a spectrum crunch how can Verizon possibly afford to lose this spectrum when their network is so over loaded and in needs of caps to manage it?

    /sarcasm off
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  • Wait we have a spectrum crunch how can Verizon possibly afford to lose this spectrum when their network is so over loaded and in needs of caps to manage it?

    /sarcasm off
    11
  • otacon72Verizon's network is humming along nicely. I get service everywhere I go and their LTE service blows everyone else out of the water. If you use more than 2gb a month in bandwidth on your smartphone you deserve to pay more.


    don't fall into the people who use more data shoudl pay more... it is just a way to add fees adn overage costs to their bottom line. i am not on big red, i left them for altell and then to sprint when big red bought them out. I now am with sprint because unlimited data even on 3g is somethign i will support, even on 3g i usually run 10+ gigs a month.

    it will be even easier for you to use your 2 gigs a month on 4g lte once these 1080p screens become more used, if your phone automates to use a good connection Assuming 16/9 aspect, 8 bit/channel/pixel, 4:2:0 chroma subsampling and 60 fps; an uncompressed 1020p stream should be 1492992000 b/s or just under 1.5 Gb/s.( ... 8 gigs for 100 min video so gratz by your 2 gig limit should somebody with a 1080p screen want to watch a true 1080p video on a x264 compression can watch 25 min before experienceing fees and charges unless they choose a lower format
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  • g00fysmileyit will be even easier for you to use your 2 gigs a month on 4g lte once these 1080p screens become more used, if your phone automates to use a good connection Assuming 16/9 aspect, 8 bit/channel/pixel, 4:2:0 chroma subsampling and 60 fps; an uncompressed 1020p stream should be 1492992000 b/s or just under 1.5 Gb/s.( ... 8 gigs for 100 min video so gratz by your 2 gig limit should somebody with a 1080p screen want to watch a true 1080p video on a x264 compression can watch 25 min before experienceing fees and charges unless they choose a lower format


    Good luck getting that 1.5Gb/s download speed even over LTE. Hell good luck getting that speed any time.

    Even though the screen is 1080p, who the hell needs uncompressed video when they stream? Where are you streaming this uncompressed stream from? Use realistic workloads here come on. Not saying things like Netflix and Hulu wont use up your data, but you are extremely exaggerating and giving a 100% impossible scenario.
    4