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Verizon Cable Spectrum Purchase Approved By FCC

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http://www.talkandroid.com – Verizon’s $3.9 billion deal to acquire AWS spectrum licenses has now been approved by the FCC. Along with this approval also comes a few other interesting deals, including a spectrum swap with Leap Wireless and a transfer of some of the AWS holdings to T-Mobile. All Big Red needs to do is the following: Verizon must complete the transfer of spectrum to T-Mobile within 45 days after the cable company deal has closed. Within three years, they have to provide service to at least 30% of the areas covered by the new spectrum, and 70% within seven years. Roaming agreements must remain in eff (IT news)