AT&T Just Bought $1.9 Billion Worth of Verizon’s Spectrum

AT&T Just Bought $1.9 Billion Worth of Verizon's Spectrum

As it struggles to expand its 4G LTE, AT&T is spending $1.9 billion in cash for unused spectrum from its biggest rival, Verizon. This upgrade will improve service for some 42 million people in 18 states thanks to an additional 39 700MHz licenses. This bodes well for AT&T’s ambition to offer 4G LTE to 270 million people by the end of the year.

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