Verizon Completes Leap Wireless Spectrum Acquisition

Verizon Wireless completed the purchase of certain spectrum licenses and operating assets from Leap Wireless International, for $102.5 million. Verizon Wireless has acquired 23 spectrum licenses covering a population of eight million people in 20 markets in Michigan, Wisconsin, Arkansas, Mississippi, Alabama and upstate New York. The deal was first announced in March 2005.
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