Verizon could be buyer if Sprint sells spectrum

By | June 9, 2015

Scalper1 News

Verizon Communications (VZ) looms as a buyer if Sprint (S) sells some of its radio spectrum to raise cash for a network upgrade that it badly needs to stay competitive in the U.S. wireless market. “For a company that we expect to burn through another $4.5 billion in cash this calendar year, selling some 2.5 GHz spectrum would certainly provide some level of near-term relief,” said Craig Moffett, an analyst at MoffettNathanson, in a blog post. Verizon and cable TV companies loom as possible buyers of a chunk of Sprint’s spectrum, most of which is in the high frequency of 2.5 gigahertz, says Moffett. Sprint obtained a 120 MHz swath of airwaves in the 2.5 GHz spectrum band through its 2013 acquisition of Clearwire. Sprint outbid Dish Network (DISH) for Clearwire. Wireless networks in higher-frequency bands require more expensive network gear as well as more radio antennas, which is one… Scalper1 News

Scalper1 News