Verizon to use new spectrum for advanced wireless
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Verizon Communications Inc said on Friday it would use the airwaves it acquired in a government auction last month for its next generation of high-speed wireless services, expected to debut around 2010.
In a telephone conference with analysts the company said the $9.36 billion worth of new 700 megahertz spectrum would give Verizon Wireless, the No. 2 U.S. mobile service, enough resources to build a faster wireless data network. The newly acquired spectrum would be used for a network Verizon Wireless plans to build based on an emerging technology known as Long Term Evolution, which it expects to boost revenue by connecting “everything and anything together.”
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