Verizon goes against the Grain with 700MHz B block sale

4 Oct 2013

Verizon Wireless has reportedly completed the sale of lower 700MHz B block licences covering Charlotte, Greensboro and Raleigh-Durham (all North Carolina) to Grain Management, for a casn consideration of USD189 million. According to RCR Wireless, the carrier has also begun leasing from Grain Management a 1700MHz/2100MHz spectrum licence covering Dallas, which Grain previously acquired from AT&T. The deal, which was first announced in February this year, forms part of the US mobile giant’s large-scale 700MHz spectrum sell-off, required by the Federal Communications Commission (FCC) as part of Verizon’s USD3.9 billion purchase of a nationwide allocation of AWS spectrum from SpectrumCo – a joint venture between cablecos Comcast Corporation, Time Warner Cable and Bright House Networks.

United States, Verizon Wireless