Thursday, March 3, 2005

Verizon Wireless Completes Purchase of Qwest Spectrum

Verizon Wireless completed its purchase Qwest Wireless' spectrum licenses and certain network assets for $418 million. The deal was first announced in July 2004.

The agreement includes spectrum licenses in 62 markets in 14 western and mid-western states, covering a population of 30.8 million people. These licenses, all in the 1900 MHz PCS frequency range, average nearly 10 MHz per market. The transaction also includes Qwest Wireless' network switching centers, cell sites and related network equipment, which operate on the CDMA standard, the same as the Verizon Wireless network.

Fifty-four of the licenses are in markets where Verizon Wireless already operates its network, and will be used to expand capacity to meet growing demand for voice and data services. The deal does not include


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