AT&T buys spectrum from Verizon Wireless in $1.9 billion deal

Tue Sep 10, 2013 4:31pm EDT

A Verizon wireless store is shown in Del Mar, California June 6, 2013. REUTERS/Mike Blake

A Verizon wireless store is shown in Del Mar, California June 6, 2013.

Credit: Reuters/Mike Blake

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(Reuters) - AT&T Inc (T.N) said in a regulatory filing on Tuesday that it acquired spectrum from Verizon Wireless (VZ.N) (VOD.L) for $1.9 billion in cash.

The spectrum, in the 700 MHz band, covers 42 million people throughout the United States.

(Reporting by Jennifer Saba in New York; Editing by Steve Orlofsdky)

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