Editor’s Note: Guest Author Pradeep Yadav, a technology lover, analyzer and love reporting about different technologies.
Verizon Wireless earlier had announced plans to conduct an open sale process for all of its unused 700 MHz A and B spectrum licenses in order to rationalize its spectrum holdings. But this week AT&T CEO Randall Stephenson said that its carrier is interested in purchasing Verizon Wireless 700 MHz Lower B Block spectrum.
Accordingly, the sale of the A and B licenses is contingent on the close of Verizon Wireless’ pending purchases of AWS licenses from SpectrumCo (an entity jointly owned by Comcast, Time Warner Cable, and Bright House Networks), Cox and Leap Wireless. These transactions are at varying stages of review by the Federal Communications Commission (FCC) and the Department of Justice (DOJ) and are expected to close by mid-summer. The company is announcing the sale plans now and will begin the process of soliciting interest from potential buyers to ensure the process can move forward quickly once the AWS license transfers have been completed.