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FCC approves Verizon's $1 billion spectrum purchase
The deal gives Verizon more airwaves to improve network capacity and coverage as U.S. demand for wireless service rises, the FCC said.
- On Thursday, the Federal Communications Commission approved Verizon's $1 billion purchase of spectrum assets from U.S. Cellular, enhancing Verizon Wireless' network capacity and coverage.
- Last year, T-Mobile acquired most of U.S. Cellular's operations and 30% of its wireless spectrum in a $4.4 billion transaction, after which the remainder became Array and Digital Infrastructure.
- Kathy Grillo, senior vice president for public policy and government affairs at Verizon, welcomed the approval, saying "the additional spectrum will allow us to better serve our customers as we continue to bolster our already-robust network."
- FCC Chairman Brendan Carr stated the commission is facilitating multiple spectrum transactions to address rising demand, noting these efforts help carriers "light it up" to bridge the digital divide.
- On Tuesday, the FCC approved a separate $40 billion spectrum sale involving EchoStar and SpaceX, as the agency continues preparing additional auctions to address rising consumer and business demand.
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FCC approves Verizon’s $1B purchase of spectrum assets from U.S. Cellular | Honolulu Star-Advertiser
WASHINGTON >> The Federal Communications Commission said today it has approved Verizon’s 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.
·Honolulu, United States
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FCC approves Verizon’s $1 billion Spectrum deal
The Federal Communications Commission (FCC) approved Verizon’s $1 billion deal to acquire spectrum assets from U.S. Cellular, first announced in 2024. The acquisition is intended to expand Verizon’s network capacity and coverage to better accommodate increasing customer demand. The big picture: Following T-Mobile’s $4.4 billion purchase of most of U.S. Cellular’s wireless operations and spectrum last year, the remaining U.S. Cellular business ch…
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Total News Sources14
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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