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Vodafone Group Plc Message Board

  • low_mac low_mac Jan 25, 2013 10:35 AM Flag

    AT&T to buy Verizon spectrum in deal including $1.9 billion cash

    VZ building up cash....

    NEW YORK (Reuters) - AT&T Inc (NYS:T) said Friday it has agreed to buy wireless airwaves from Verizon Wireless for $1.9 billion in cash and spectrum licenses in five markets.

    AT&T said the licenses it is buying cover a population of 42 million people in 18 U.S. states.

    It expects to close the deal, which is subject to regulatory approval, in the second half of 2013.

    Verizon Wireless is a venture of Verizon Communications (VZ) and Vodafone Group Plc (VOD.L).

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