Thursday, November 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Broadcom Considering Increasing Qualcomm Bid
Facebook Will Notify you if you Have Followed Russian Propaganda
Russia Threatens to Block Ads on Google
Apple Confirms Student Personnel Worked Overtime For Hon Hai on iPhone X plant
U.S. Government Warns Businesses About Vulnerabilities Of Management Engine in Intel Chips
Samsung to set up AI Research Center
Samsung, LG Comment on USITC's Tariffs to Curb Washer Imports
Uber Paid Hackers to Keep Massive Data Breach Secret
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
Verizon Signs Deal with NFL: report
Verizon Raises Prices, Limits Video Quality on Unlimited Plans
Verizon Completes Yahoo acquisition, Meet Oath and Altaba
Yahoo Stockholders Approve Sale of Yahoo's Operating Business to Verizon
Verizon's Latest Unlimited Data Plan Costs $80
FCC Announces Airwaves Auction Results, T-Mobile, Dish bid $14 billion
Verizon Is Moving Yahoo and AOL Under the New Name "Oath"
ISPs Assure Users They Won't Take Advantage Of New Internet Privacy Landscape
Verizon to Install the "AppFlash" Spyware on All Its Android Phones
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

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 .