Tuesday, December 17, 2013
Verizon Wireless Gains U.S. Cellular Spectrum
The 25 MHz Cellular A spectrum block, which is located in the rural areas of Missouri, will enhance Verizon’s presence in the south of St. Louis, St. Francois, Ste. Genevieve and Washington. Verizon will also win U.S. Cellular’s customers and get a hold of other related CDMA operations in the area - Financial details of the transaction have yet to be released.
The spectrum acquired by Big Red covers an area of 1,700 square miles and a population of 110,000. Verizon will keep U.S. Cellular’s brand name in the region until the network is compatible with Verizon’s nationwide LTE network (expected in mid 2014). This is Verizon’s second spectrum-related transaction with U.S. Cellular in more than two years after the firm entered into a spectrum swap deal in September 2011. The deal provided Verizon with eighteen 700 MHz spectrum licenses covering eight states.