Federal Communications Commission approved Verizon’s 2024 deal to buy some spectrum assets from U.S. Cellular for $1 billion, saying the purchase will expand network capacity and coverage.
The agency said the transaction will enhance Verizon Wireless’ “network coverage, capacity and performance, resulting in a stronger ability to meet increasing customer demand and provide a better customer experience.”
Kathy Grillo, Verizon’s senior vice president for public policy and government affairs, said, “the additional spectrum will allow us to better serve our customers as we continue to bolster our already-robust network.”
Last year, after T-Mobile acquired most of U.S. Cellular’s wireless operations and 30% of its wireless spectrum in a $4.4 billion deal, the remainder of the company changed its name to Array Digital Infrastructure.
On Tuesday, the FCC approved EchoStar’s $40 billion sale of wireless spectrum to SpaceX and AT&T.
SpaceX is gaining access to exclusive-use spectrum for a Starlink device-to-device service and other offerings. The FCC said AT&T’s low-band spectrum will expand coverage across the United States, especially in rural and underserved areas.
