Spectrum acquisitions applicable to 42 million people across 18 states
In a deal that has taken over 8 months to complete, AT&T and Verizon have finalized a swap of spectrum and cash that will see AT&T pick up 700MHz licenses across several states in the US. Various 700MHz spectrum licenses are moving in AT&T's direction, while Verizon picks up $1.9 billion in cash in addition to AWS spectrum licenses in a handful markets. In the end AT&T will pick up 700MHz B block — aka the "lower" 700MHz band — spectrum in 18 states with the potential to cover 42 million people. The increased spectrum holdings should translate to higher speeds and better coverage for customers in these markets.
This lines up nicely with the news that was released this morning indicating that AT&T is ready to set up interoperability in the lower 700MHz bands for LTE, opening up the number of devices that will work on its network and the ability for it to strike roaming deals with other carriers. Hit the break for a full list of the states and markets where spectrum is changing hands between the carriers.
States where AT&T gained lower 700MHz spectrum:
- New Mexico
- New York
- South Dakota
Markets where Verizon gained AWS spectrum:
- Phoenix, Arizona
- Los Angeles, California
- Fresno, California
- Albuquerque, New Mexico
- Portland, Oregon