AT&T Completes Acquisition of 700 MHz Spectrum from Verizon Wireless to Support 4G LTE
Dallas, Texas, September 10, 2013
AT&T* announced today that it completed its acquisition of wireless spectrum in the lower 700 MHz band B block from Verizon Wireless. The acquired licenses cover 42 million people in 18 states — California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.
The spectrum will support AT&T’s deployment of 4G LTE to meet surging demand for mobile Internet services. AT&T has the nation’s fastest and now most reliable 4G LTE network, according to independent third-party data.1 AT&T’s 4G LTE network currently covers more than 225 million people, with plans to reach nearly 270 million people by the end of 2013, and to substantially complete the build by summer 2014. AT&T’s plans to deploy 4G LTE include the areas covered by this spectrum.
The performance of AT&T’s 4G LTE network continues to be validated by independent third-party testing:
- Our 4G LTE service was recognized as having faster average download and upload speeds than any of our competitors in PCWorld/TechHive’s most recent 20-market speed tests — the second consecutive year that AT&T has ranked first overall. PCWorld/TechHive also ranked AT&T’s network as the fastest combination of 3G and 4G services in the 20 cities it tested.2
- AT&T was named America’s fastest 4G LTE network in PC Magazine’s 2013 Fastest Mobile Networks 30-market study — and also swept the top rankings in all six U.S. regions from coast to coast: Northeast, Southeast, North-Central, South-Central, Northwest and Southwest.3
In exchange for the 700 MHz spectrum, AT&T paid $1.9 billion in cash and transferred Advanced Wireless Services (AWS) spectrum licenses in Phoenix, Ariz.; Los Angeles and Fresno, Calif.; Albuquerque, N.M.; and Portland, Ore.