Thursday, March 30, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Windows 10 Creators Update Coming April 11
Samsung Galaxy S8 and S8+ Are Official, Along With Bixby And New Gear 360
Razer Blade Pro IS The First THX Certified Gaming Laptop
Lenovo Makes Pro Virtual Reality Accessible With the ThinkStation P320
Intel Details 10, 22nm Processes, Proposes Transistor-density Metric
U.S. House Voted Against Broadband Privacy Rules
SK Hynix Offers More Than $9 billion for Toshiba Chip Unit: report
Toshiba's Nuclear Unit Westinghouse Files for Bankruptcy
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Major Advertisers Boycott Youtube Advertising, At Least For Now
Verizon to Bring 5G In 11 U.S. Cities
Verizon and Yahoo Agree to Lowered $4.48 billion Deal
Verizon Announced Unlimited Data Plan
Yahoo To be Named Altaba, Mayer to Depart Following Verizon Deal
Verizon Says Yahoo Breach Affecting Acquisition
Verizon Buys Yahoo's Core Business For $4.83 billion
Verizon Closer To Yahoo Deal
Verizon Adds More Data To Wireless Plans
AT&T, Verizozn To Make Final Bids for Yahoo Web Business - report
Verizon To Bid For Yahoo's Internet Business: report
Hackers Steal, Sell Verizon Enterprise Customer Data

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .