Printed from http://www.electronista.com

Verizon signs big wireless spectrum deal with Clear Talk

updated 05:35 pm EST, Wed November 28, 2012

Financial terms not diclosed; purchase covers 2.1 million customers

Pending FCC approval, wireless service provider Clear Talk has agreed to purchase 10 lower 700MHz B-block licenses covering five markets in Texas, as well as one in Florida, Georgia, Maryland, Nevada, and New Mexico. The announcement is the third, and largest, since Verizon announced the spectrum sale, with Nortex Communications in Texas and Panhandle Telecommunications Systems in Oklahoma each signing agreements.

Since 2011, Verizon Wireless has sold or has agreed to sell 36 of its lower 700MHz spectrum licenses to 10 different telecommunications companies, including the three agreements announced recently. In addition, through its "LTE in Rural America" program, Verizon Wireless is leasing upper 700 MHz C-block spectrum to 20 rural operators to jumpstart the delivery of 4G LTE in rural areas.

Verizon Wireless decided last spring to explore the sale of its lower 700MHz spectrum licenses to consolidate its spectrum holdings and enable more spectrum to reach the marketplace where it can be used for the benefit of customers, as well as to generate income for future expansion and fulfill promises made to the FCC. The company is currently evaluating bids for its other lower 700 MHz licenses, which cover numerous major cities and dozens of smaller markets across the country.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News