December 2, 2011 02:43 pm EDT

Verizon scores new spectrum from Comcast, Time Warner and Bright House for $3.6 billion

Verizon has a pretty serious head start in the LTE race. To make sure it stays at the front of the pack, Big Red has entered an agreement with SpectrumCo (a joint venture between Comcast, Time Warner and Bright House) that sees 122 AWS spectrum licenses transfered to the carrier for $3.6 billion and some commercial agreements. The deal will allow the companies to become authorized retailers for each others products, eventually giving the cable companies the ability to offer Verizon Wireless service as wholesalers. For its part, the House that Droid Built scores a boat load of new spectrum that may become crucial in expanding its network and ensuring that speeds don't drop off significantly as more customers transition to 4G. Check out the full PR after the break.

Continue reading Verizon scores new spectrum from Comcast, Time Warner and Bright House for $3.6 billion

Verizon scores new spectrum from Comcast, Time Warner and Bright House for $3.6 billion originally appeared on Engadget on Fri, 02 Dec 2011 09:43:00 EDT. Please see our terms for use of feeds.

PermalinkPhoneScoop | ||Comments

Original Link: http://www.engadget.com/2011/12/02/verizon-scores-new-spectrum-from-comcast-time-warner-and-bright/

View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget