Verizon snaps up $3B in spectrum

Nov 04 2004 - 11:52 PM ET | Verizon Wireless

Verizon Wireless today announced the purchase of NextWave's PCS spectrum licenses, in 23 markets around the country, for $3.0 billion. The 10 and 20 MHz licenses, in the 1.9 GHz PCS frequency range, cover a population of 73 million people. The purchase price equates to $2.85 per MHz POP. A list of all markets included in the sale is after the jump.

Spectrum licenses for 20 MHz in: * New York, N.Y. * Washington, D.C. * Boston, Mass. * Baltimore, Md. Spectrum licenses for 10 MHz in: * Los Angeles, Calif. * Philadelphia, Pa. * Detroit, Mich. * Denver, Colo. * Portland, Ore. * Tulsa, Okla. * Greenville, S.C. * Madison, Wis. * Columbia, S.C. * Springfield, Mass. * Corpus Christi, Texas * Daytona Beach, Fla. * Provo, Utah * Atlantic City, N.J. * Dover, Del. * Ocala, Fla. * Janesville, Wis. * El Centro, Calif. * Pittsfield, Mass.

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