Los Angeles Business Journal

AT&T to Acquire Air Spectrum from Verizon Wireless

Friday, January 25, 2013

AT&T Inc. has agreed to acquire airwaves from larger rival Verizon Wireless for $1.9 billion, which will help the second-biggest U.S. wireless carrier build out its next-generation network, Bloomberg News reports. The 700-megahertz spectrum covers 42 million people in 18 states, including California, Texas and New York, AT&T said today.