3 Telecom Stocks Seeing Action: AT&T’s New Spectrum, Verizon’s Huge Bond Sale, Vodafone’s Kabel Conundrum
AT&T Inc. (NYSE:T): AT&T has officially completed its purchase of spectrum from Verizon Wireless for $1.9 billion and will use the new assets for its 4G LTE network. The carrier expects to complete the deployment of the infrastructure by the summer of next year. The new block of spectrum covers 42 million people in 18 states. In addition to the $1.9 billion, Verizon also received spectrum in California, Phoenix, and Portland.