AT&T to buy Verizon spectrum for $1.9 billion

AT&T will buy mobile spectrum in the 700MHz band from Verizon Communications for US$1.9 billion, AT&T said Friday.

AT&T will pay cash and trade AWS (advanced wireless services) spectrum for the B block of the 700MHz spectrum, the company said. Verizon will gain AWS spectrum licenses in several markets, including Los Angeles, Phoenix, and Portland, Oregon, AT&T said in a press release.

Source: http://www.infoworld.com/d/the-industry-standard/att-buy-verizon-spectrum-19-billion-211575?source=rss_mobile_technology

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