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Verizon Wireless' (VZ, VOD) offer to sell some 700 MHz. spectrum in exchange for regulatory...

Verizon Wireless' (VZ, VOD) offer to sell some 700 MHz. spectrum in exchange for regulatory approval of its controversial spectrum purchase/reseller deals with cable providers might not amount to much: the spectrum is incompatible with current Verizon phones, only covers smaller markets, and could interfere with TV channel 51. Rival nationwide carriers are unlikely to show much interest.
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