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Verizon Wireless To Conduct 700MHz Spectrum Sale

Verizon WirelessVerizon Wireless announced on Wednesday that it plans to sell all of its 700MHz A and B spectrum licenses to “rationalize its spectrum holdings.” The licenses reportedly cover rural areas as well as dozens of cities across the United States, including New York, Philadelphia, Los Angeles, San Francisco and many more.

Verizon Wireless originally purchased its A, B and C licenses during an FCC auction in 2008 and is currently using its 700MHz upper C spectrum to deploy its 4G LTE network across the U.S. Verizon is trying to purchase advanced wireless services (AWS) licenses from Comcast, Time Warner Cable, Bright House Networks, Cox and Leap Wireless to beef up its LTE deployment, too.

The decision to sell spectrum is likely in an effort to persuade government regulators into approving Verizon’s bid to buy the additional AWS spectrum, and it hopes the approval will come by the middle of the summer.

“Since wireless operators, large and small, have expressed concern about the availability of high-quality spectrum, we believe our 700 MHz licenses will be attractive to a wide range of buyers,” said Molly Feldman, vice president of Business Development for Verizon Wireless.  “Moreover, provided our acquisition of AWS spectrum is approved, our open sale process will ensure these A and B spectrum licenses are quickly and fairly made available for the benefit of other carriers and their customers.”

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VERIZON WIRELESS TO CONDUCT SPECTRUM LICENSE SALE

Stephens Inc. to Manage Offering Process

BASKING RIDGE, N.J. – Verizon Wireless today announced plans to conduct an open sale process for all of its 700 MHz A and B spectrum licenses in order to rationalize its spectrum holdings.  The licenses cover dozens of major cities across the country, as well as a number of smaller and rural markets

Verizon Wireless obtained the 700 MHz A and B licenses, as well as nationwide 700 MHz upper C licenses (with the exception of Alaska which has since been acquired), in FCC Auction 73 in 2008.  Verizon Wireless is deploying its 4G LTE network, which currently covers more than 200 million people, on its nationwide 700 MHz upper C spectrum.  If Verizon Wireless is successful in acquiring additional AWS (Advanced Wireless Services) spectrum licenses, it will use AWS spectrum in conjunction with its 700 MHz upper C band spectrum to deploy additional LTE capacity.

Accordingly, the sale of the A and B licenses is contingent on the close of Verizon Wireless’ pending purchases of AWS licenses from SpectrumCo (an entity jointly owned by Comcast, Time Warner Cable, and Bright House Networks), Cox and Leap Wireless. These transactions are at varying stages of review by the Federal Communications Commission (FCC) and the Department of Justice (DOJ) and are expected to close by mid-summer.

The company is announcing the sale plans now and will begin the process of soliciting interest from potential buyers to ensure the process can move forward quickly once the AWS license transfers have been completed.

“Since wireless operators, large and small, have expressed concern about the availability of high-quality spectrum, we believe our 700 MHz licenses will be attractive to a wide range of buyers,” said Molly Feldman, vice president of Business Development for Verizon Wireless.  “Moreover, provided our acquisition of AWS spectrum is approved, our open sale process will ensure these A and B spectrum licenses are quickly and fairly made available for the benefit of other carriers and their customers.”

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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