AT&T, Verizon Wireless Swap Assets to Meet Regulatory Compliance
Dec 4, 2007, 1:43 PM by Eric M. Zeman
In order to comply with FCC requirements concerning their recent acquisitions, both AT&T and Verizon Wireless have agreed to swap certain wireless assets. Under the terms of the swap, AT&T will receive licenses, properties, assets and subscribers from Rural Celluar. This will let AT&T improve its coverage in New York, Kentucky, Vermont and Washington. In turn, AT&T will hand Verizon its former Dobson assets in Kentucky, spectrum in several markets, and cash. Both AT&T and Verizon have pending acquisition deals they are hoping to close.
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Comments
What about Oregon 6 and Oregon 3
Does this include the RCC licenses/network in Oregon 6 (Bend, Klamath Falls) and Oregon 3?(Pendleton)
No real big deal.
Assets swaps are nothing new, its done in every industry, telecommunications, cable television, supermarket chains. They're doing nothing but making life easier for each other and to some extent to their customers.
It is a big deal in rural markets. Verizon was facing an uphill battle in the purchase of RCC because of the issue of rural markets....
