Verizon Wireless continued to parse out spectrum licenses as it announced today that U.S. Cellular has agreed to purchase a 700 MHz A-Block license covering Oklahoma City and 31 other counties in Oklahoma covering 1.9 million potential customers. Financial terms of the deal were not announced.
The deal increases to 37 the number of lower A- and B-Block 700 MHz licenses sold by Verizon Wireless as part of its agreement to sell off excess spectrum in connection with the Federal Communications Commission last year approving its acquisition of 1.7/2.1 GHz spectrum licenses from a handful of cable operators. Verizon Wireless noted that those deals have included 11 different telecom operators, including a previously announced deal with U.S. Cellular.
For U.S. Cellular the deal strengthens its A-Block spectrum holdings in the 700 MHz band that is currently the basis for its LTE rollout. The carrier late last year announced a deal to sell off its operations in Chicago, St. Louis and a handful of markets in the Midwest to Sprint Nextel for $480 million. The transaction included both spectrum assets in the 1.9 GHz band and approximately 585,000 customers.
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