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AT&T To Acquire 700 MHz Spectrum From Verizon For $1.9B In Cash And AWS Spectrum Licenses

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http://techcrunch.com – AT&T has announced a deal with Verizon Wireless that will allow the company to continue to build out its 4G LTE network in the U.S., through the acquisition of 700 MHz spectrum from Verizon Wireless. The 700 MHz band was originally used to broadcast analog TV channels, but the transition to digital TV made them available for auction in 2008. Verizon won Block A during that auction, along with U.S. Cellular, with licenses covering urban areas, while AT&T was the biggest buyer of Block B, acquiring 227 licenses in the sale. AT&T uses the 700 MHz spectrum to provide 4G LTE coverage to (IT news)