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Verizon buys Qwest's spectrum and network assets

Posted: 06 Jul 2004 ?? ?Print Version ?Bookmark and Share

Keywords:qwest communications? at&t wireless? cdma?

In the latest example of cellular market consolidation, Verizon Wireless agreed Thursday (July 1, 2004) to buy the spectrum and network assets of Qwest Communications International for $418 million.

The deal comes six months after Cingular Wireless agreed to buy AT&T Wireless for $41 billion, and is expected to close in the fourth quarter.

Both Verizon and Qwest operate a CDMA-based network and the deal will now extend Verizon's 1,900MHz licenses by 62 markets in 14 western and mid-western states with a total population of 30.8 million people. Verizon will also acquire Qwest's wireless network switching centers, cell sites and related network equipment. Fifty-three of the licenses being purchased are in markets where Verizon already operates and will be used to expand capacity to meet growing demand for voice and data services. Those markets include: Phoenix; Albuquerque, N.M.; Tucson, Arizona; Salt Lake City; Minneapolis-St. Paul; Denver, Portland, Oregon; Seattle; and Omaha, Neb.

New markets covered by the licenses will expand the company's coverage by 1.5 million and include Rochester and St. Cloud Minnesota, Lincoln, Neb., and Longview, Washington. However, the agreement does not cover Qwest's subscriber base.

- Patrick Mannion

EE Times





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