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Verizon Wireless completes spectrum purchase

Verizon Wireless' proposed spectrum purchase deals have been approved by the FCC

In a market where spectrum is becoming an increasingly valuable asset, US carrier Verizon Wireless has secured approval for its purchase of 122 AWS spectrum licences from cable companies Comcast, Time Warner Cable and Bright House Networks for $3.6bn. It will also complete transactions with Leap Wireless, Savary Island Wireless and T-Mobile, after the US Federal Communications Commission (FCC), approved the deals.

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