Verizon To Pay $3.6 Billion to Cable Companies for Wireless Access
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Verizon Wireless will reportedly pay $3.6 Billion for an access to part of a wireless spectrum. Verizon wants to improve their coverage and service by purchasing airwaves owned by a variety of cable companies including Time Warner and Comcast to offer cable services through their retail stores. Of course no one really knows how this will affect Verizon’s FiOS service yet.
Wireless carriers like the advanced wireless spectrum because it will allow them to provide customers with faster and more sophisticated services, including high-definition video, social networking and location-based services. And AT&T and Verizon have long worried about limits they could hit as the amount of available wireless spectrum runs low.
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