AT&T bolsters network with $1.9 billion spectrum buy from Verizon

01/25/2013 | Bloomberg · TechCrunch

AT&T will pay Verizon Wireless $1.9 billion for 700 MHz spectrum that it will use to bring 4G wireless service to 18 states. The total includes the value of Advanced Wireless Services licenses that AT&T will provide its rival in some markets in order for Verizon to expand its own Long-Term Evolution network. Verizon agreed to sell chunks of its spectrum last year when federal regulators were debating whether to approve the carrier's $3.6 billion spectrum purchase from cable companies.

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Bloomberg · TechCrunch

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