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Wednesday, Sep 11
AT&T completes $1.9B acquisition of Verizon spectrum
- AT&T (T) has completed the purchase of spectrum from Verizon Wireless (VZ) for $1.9B.
- AT&T will use the spectrum, which covers 42M people in 18 states, for its 4G LTE network. The carrier expects to complete the deployment of the infrastructure by the summer of next year.
- In addition to money, Verizon also received spectrum in California, Phoenix and Portland.