AT&T Completes Acquisition of 700 MHz Spectrum from Verizon Wireless to Support 4G LTE

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AT&T Completes Acquisition of 700 MHz Spectrum from Verizon Wireless to Support 4G LTE

DALLAS--(BUSINESS WIRE)-- AT&T* announced today that it completed its acquisition of wireless spectrum in the lower 700 MHz band B block from Verizon Wireless. The acquired licenses cover 42 million people in 18 states — California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.

The spectrum will support AT&T's deployment of 4G LTE to meet surging demand for mobile Internet services. AT&T has the nation's fastest and now most reliable 4G LTE network, according to independent third-party data.1AT&T's 4G LTE network currently covers more than 225 million people, with plans to reach nearly 270 million people by the end of 2013, and to substantially complete the build by summer 2014. AT&T's plans to deploy 4G LTE include the areas covered by this spectrum.

The performance of AT&T's 4G LTE network continues to be validated by independent third-party testing:

  • Our 4G LTE service was recognized as having faster average download and upload speeds than any of our competitors in PCWorld/TechHive's most recent 20-market speed tests — the second consecutive year that AT&T has ranked first overall. PCWorld/TechHive also ranked AT&T's network as the fastest combination of 3G and 4G services in the 20 cities it tested.2
  • AT&T was named America's fastest 4G LTE network in PC Magazine's 2013 Fastest Mobile Networks 30-market study — and also swept the top rankings in all six U.S. regions from coast to coast: Northeast, Southeast, North-Central, South-Central, Northwest and Southwest.3

In exchange for the 700 MHz spectrum, AT&T paid $1.9 billion in cash and transferred Advanced Wireless Services (AWS) spectrum licenses in Phoenix, Ariz.; Los Angeles and Fresno, Calif.; Albuquerque, N.M.; and Portland, Ore.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

1 Speed claim based on comparison of U.S. national carriers' avg 4G LTE download speeds. Reliability claim based on data transfer completion rates on nationwide 4G LTE networks. 4G LTE not available everywhere. LTE is a trademark of ETSI.
2 PCWorld/TechHive, May 23, 2013, "AT&T clocks best overall speeds with 3G/4G combo"
3 PC Magazine, June 17, 2013;,2817,2420333,00.asp

About AT&T

AT&T Inc. (NYS: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and internationally. With a powerful array of network resources, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T │DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world.

Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at or follow our news on Twitter at @ATT, on Facebook at and YouTube at

© 2013 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

AT&T Inc.
McCall Butler, 917-209-5792
Roberta Thomson, 214-205-4102

KEYWORDS:   United States  North America  Texas


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