Verizon plans to sell off some mobile spectrum

The carrier plans to sell off the A and B blocks of the 700MHz spectrum if its deals with cable providers are approved

Verizon Wireless plans to sell off two 12MHz blocks of mobile spectrum in the 700MHz, if its proposed purchase of spectrum from a group of cable providers is approved by federal regulators, the company announced Wednesday.

Verizon plans to sell off its spectrum licenses for the A and B blocks of the 700MHz spectrum, the company announced. Verizon purchased the spectrum in the 2008 700MHz auction.

Verizon is deploying a 4G LTE network on its nationwide 700 MHz upper C spectrum, also purchased in the 2008 auction. The spectrum Verizon plans to purchase from Comcast and other cable companies would also be used for LTE, the company said in a news release.

In December, Verizon announced plans to buy unused mobile spectrum covering 259 million U.S. residents from SpectrumCo, a joint venture among Comcast, Time Warner Cable and Bright House Networks, in a deal worth US$3.6 billion.

Verizon announced a separate deal to buy $315 million worth of spectrum from Cox Communications later that month.

Several consumer groups and competitors of Verizon have protested the sale and related cross-marketing deals between Verizon and the cable firms. The U.S. Federal Communications Commission is reviewing the deals.

Verizon spent about $9.4 billion in the 700MHz auction, half of it for the large nationwide C block.

Verizon wants to sell the A and B blocks quickly after the sale of the cable spectrum is completed, the company said.

"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," Molly Feldman, Verizon Wireless' vice president of business development, said in a statement.  "Provided our acquisition of [the cable] 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."

Stephens, a financial services firm based in Little Rock, Arkansas, will manage the sale of the spectrum, Verizon said. The firm will reach out to minority- and women-owned businesses interested in the spectrum, Verizon said.

The A block licenses cover several large metropolitan areas, including New York City, Los Angeles, Philadelphia, Washington, D.C., Miami, Cleveland, Detroit, and Houston. The B block licenses cover several areas, including Los Angeles, Chicago, Miami, Cincinnati, and Memphis.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?