AT&T Is Paying Verizon $1.9 Billion To Acquire More 700 MHz Spectrum



We rarely think of frequency spectrums to be a finite resources, but some of the wireless carriers in the U.S. are already bumping into their limits. Spectrum issues can lead to a network slowdown, like the one we saw last summer, and the only way to get more is to buy it.

To beef up their network, AT&T announced today that they have agreed to acquire spectrum in the 700 MHz band from Verizon Wireless. The deal covers 18 states and will cost AT&T $1.9 billion in cash.