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Verizon signs first deal to sell lower 700MHz spectrum following the AWS handover, acts on its promise
Verizon used the prospect of selling lower-block 700MHz spectrum as a carrot to lure in the US government: it would share the wireless wealth only if it was cleared to buy cable company spectrum in the AWS bands. Now that the DOJ and FCC have greenlit the cable purchase, the carrier is living up to its end of the bargain. Verizon has just signed a related deal that sells B-block 700MHz access to Nortex Communications, a rural phone company operating northwest of Dallas. While it's not Verizon first pact for the lower 700MHz space, it's the first directly resulting from the carrier's promises during the AWS frequency grab and shows the company being true to its word. We're not expecting the Texas agreement to suddenly level the balance of power when Verizon wasn't even using those airwaves for LTE; still, it's good to know that the provider isn't waiting around to give smaller competitors a break.
