FCC approves Verizon's $1 billion spectrum purchase
FCC approves Verizon's $1 billion spectrum purchase
ReutersThu, May 14, 2026 at 5:40 PM UTC
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FILE PHOTO: A contract crew from Verizon installs 5G telecommunications equipment on a tower in Orem, Utah, U.S. December 3, 2019. Picture taken December 3, 2019. REUTERS/George Frey/File Photo
WASHINGTON, May 14 (Reuters) - The Federal Communications Commission said Thursday it has approved Verizon's 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.
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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.
(Reporting by David Shepardson, Editing by Franklin Paul)
Source: “AOL Money”
