Verizon, AT&T win major licenses in wireless auction

Verizon Wireless has snapped up most of the licenses in the prime segment of the US wireless spectrum in a record-breaking federal auction, the government said Thursday.

Verizon won the coveted C-block airwaves in the 700 MHz radio spectrum auction that closed Tuesday, while rival AT&T won the most regional licenses, the US Federal Communications Commission said.

The new rules mark a revolution in the US cellphone industry, where customers have largely been tied exclusively to their operators' handsets and applications.

[via AFP]

emily | 11:58 AM | News, Buzz |
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