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Verizon sells 700 MHz spectrum licenses to Clear Talk

News by Andrew Kameka on Wednesday November 28, 2012.

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Verizon Wireless today announced that it has agreed to sell some of its 700 MHz B-block licenses in five markets to Clear Talk, a regional carrier that offers service in a handful of states. Verizon will sell Clear Talk spectrum in markets in Florida, Georgia, Maryland, Nevada, New Mexico, and Texas.

The deal, which is subject to FCC approval, is the third agreement Verizon has reached this month. Nortex Communications in Texas and Panhandle Telecommunications System in Oklahoma also agreed to purchase 700 MHz spectrum licenses in recent weeks. All three deals are likely to gain approval because they put spectrum into the hands of companies smaller than Verizon, which offered to sell multiple licenses at the lower spectrum in order to encourage the FCC to approve its purchase of spectrum from cable companies.

Terms for its license sale to Clear Talk were not announced.

source: Verizon

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Andrew Kameka
Andrew is based in Miami, Florida.

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