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Verizon's Spectrum Purchase Approved by FCC, Will Use to Beef Up

Today, the FCC approved Verizon’s plan to acquire spectrum licenses from SpectrumCo, a joint venture between Comcast, Time Warner Cable, and Bright House Networks. Big Red will use the spectrum to help continue the rollout of their 4G LTE network across the country, something they plan to have completely by the end of next year. CEO Dan Mead said specifically that they will “work aggressively to ensure” that this previously unused spectrum is put to use to “quickly benefit customers.”

This approval also allows them to move forward with their sale of 700MHz lower A and B block spectrum licenses, something Mead claims will help “benefit” other carriers.

While this is all great news for Verizon customers, you have to wonder how companies like ATT and Sprint are ever going to catch up. 


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