Verizon Wireless said it has completed the purchase of spectrum licenses in the 1.9 GHz spectrum band covering 3.9 million potential customers in 10 North Carolina markets from Urban Comm-North Carolina for $68.5 million.
The deal, which was originally announced in January, includes 30 megahertz of spectrum covering Fayetteville-Lumberton, Jacksonville and Wilmington; 20-megahertz of spectrum covering Goldsboro-Kingston, Greenville-Washington, New Bern, Roanoke Rapids and Rocky Mount-Wilson; and 10-megahertz of spectrum covering Burlington and Raleigh-Durham.
Verizon Wireless noted that three of the licenses-covering Raleigh-Durham, Fayetteville and Burlington-will be used to bolster its current operations, while the remaining licenses will be used to expand its footprint into new markets.
Verizon Wireless announced plans yesterday to acquire Valley Telecommunications Co.’s cellular assets in southeast Arizona for an undisclosed amount. The purchase includes Valley Telecom’s cellular license covering 160,000 potential customers, and network and operation assets in Graham, Greenlee and Cochise counties. Verizon Wireless noted the license is adjacent to areas in both Arizona and New Mexico currently served by its network.
