Monday, October 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft To Launch A Wearable Device Soon
FCC To Explore High-frequency Wireless Technologies
Mozilla Hello Offers Voice and Video Calls Through The Browser
Samsung Adds Intel Processor To Chromebook 2
LG Ultra-Portable HD MiniBeam Projector Features Built-in Battery
Tweets To Feature Audio
New 64-bit Exynos 7 Octa Processor Supports Iris Recognition
Asus ROG Announces GR8 Gaming Mini-PC
Active Discussions
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
 Home > News > General Computing > Verizon...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, December 02, 2011
Verizon Wireless To Buy Cable Spectrum For $3.6 Billion


SpectrumCo, LLC, a joint venture between Comcast, Time Warner Cable, and Bright House Networks, today announced it has entered into an agreement pursuant to which Verizon Wireless will acquire its 122 Advanced Wireless Services spectrum licenses covering 259 million POPs for $3.6 billion.

Comcast owns 63.6% of SpectrumCo and will receive approximately $2.3 billion from the sale. Time Warner Cable owns 31.2% of SpectrumCo and will receive approximately $1.1 billion. Bright House Networks owns 5.3% of SpectrumCo and will receive approximately $189 million.

The agreement comes at a time when consumer demand for wireless services and bandwidth is increasing rapidly. While U.S. government action to free more spectrum is expected, Verizon said that this transaction ensures that the spectrum which is already available for mobile services is used effectively for its consumers.

The companies also announced that they have entered into several agreements, providing for the sale of various products and services. Through these agreements, the cable companies, on the one hand, and Verizon Wireless, on the other, will become agents to sell one another's products and, over time, the cable companies will have the option of selling Verizon Wireless' service on a wholesale basis. Additionally, the cable companies and Verizon Wireless have formed an "innovation technology" joint venture for the development of technology to better integrate wireline and wireless products and services.

The deal comes as Verizon's biggest rival AT&T is facing regulatory opposition for its proposed plan to buy T-Mobile USA.

Both Verizon Wireless and AT&T, the No. 1 and No. 2 U.S. mobile providers, are trying to improve their network capacity to support increased consumer demand for services such as mobile web browsing on devices like tablet computers.


Previous
Next
Apple, HTC, Samsung, Motorola, AT&T, Sprint, T-Mobile and Carrier IQ Sued in Cell Phone Tracking Software Scandal        All News        Opera Mobile Browsers To Ship On MediaTek's Chips
Facebook to Hire Thousands, Opens Engineering Office in New York     General Computing News      Department of Justice's Approves Google 's Acquisition of Admeld

Get RSS feed Easy Print E-Mail this Message

Related News
Verizon To Shut Down Redbox Instant Service
Verizon Sprint And T-Mobile Announce new iPhone Plans
Verizon May Launch New App Store
Verizon to Throttle "Unlimited" Data Users
Verizon Launches Rewards Program
Verizon Reports U.S. Government Requests
Verizon Wireless to buy Dish Network's Spectrum - report
Verizon Threatens Netflix With Legal Action Over Slow Video Delivery Messages
Verizon Reveals 2013 Transparency Report
Verizon to Purchase Intel 's Internet TV Project
Competition Among U.S. Mobile Carriers Escalates
Verizon to Publish Transparency Report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .