Verizon Wireless Pays $930M for Nextwave Spectrum in NYC

Verizon Wireless paid $930 million for the purchase of the spectrum license for the New York metropolitan area auctioned by NextWave Telecom Inc. on July 8.



The 10 MHz license is in the 1.9 GHz PCS frequency range and covers a population of 20.1 million people for the New York, New York Basic Trading Area ("BTA"). The BTA covers New York City and northern and central New Jersey, as well as Westchester and Rockland counties. http://www.verizonwireless.com