Verizon has just sold 10 more of its lower 700 MHz B-block licenses to regional carrier Clear Talk. The spectrum covers Maryland, Georgia, Florida, Nevada, New Mexico, and 5 markets in Texas totaling 10 markets with a collective population of 2.1 million people.
This is the 3rd sale of Verizon Wireless’s 700 MHz B-block licenses, with the first two being Nortex Communications in Texas and Panhandle Telecommunications Systems in Oklahoma. Verizon plans on selling its lower 700 MHz spectrum to 10 different telecommunications companies totaling 36 lower 700 MHz licenses. It has 3 telecommunications companies down, only 7 more to go.
Not only is Verizon Wireless planning on selling its lower 700 MHz spectrum, it plans on leasing its upper 700 MHz C-block licenses to 20 rural operators in order to jump start its delivery of 4G LTE to rural areas.
The deal still needs to be approved by the FCC, but there is a good chance it will be approved because of its benefits to small, rural providers. This entire operation will be beneficial to Verizon Wireless because it will both be able to consolidate their network holdings while still spreading 3G and 4G LTE to popular and growing markets in the U.S.