Tuesday, October 25, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Jamboard Reinverts The Whiteboard For Collaboration in the Cloud
ARM Accelerates Secure IoT from Chip to Cloud
Seagate 6th Generation High-Speed Enterprise Performance HDD
Google Pixel XL Manufacturing Cost is in Line with Rival Smartphones
Intel introduces Atom E3900 processors For IoT
HTC Losses Deepen
BlackBerry Announces DTEK60, Latest Android Device With BlackBerry's Security Software
Emporio Armani Launches A Hybrid Smartwatch
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.

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 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
Verizon Wireless to Pay $1.35 Million Fine to Settle "Supercookie" Probe
Verizon Upgrades Its Custom TV Service
Verizon Expores Yahoo Deal Options: report
Verizon Launches The FreeBee Data 360 Sponsored Data Service
Verizon Launches 'go90'Mobile Video Service

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .