Verizon agrees to sell $1.9 billion in spectrum to AT&T

In today's spotlight, FierceWireless takes a look at a $1.9 billion deal Verizon (NYSE:VZ) Wireless struck with AT&T Mobility to sell its rival a huge chunk of its 700 MHZ spectrum. Verizon agreed to sell its Lower 700 MHz A and B Block spectrum if the FCC approved its $3.9 billion purchase of Advanced Wireless Services spectrum from Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC), Bright House Networks and Cox Communications. The FCC approved its agreement with the cable MSOs last August. Read more