Verizon Wireless and a company called Stelera have filed paperwork with the Federal Communications Commission seeking consent to transfer spectrum licenses from Stelera to Verizon.
According to the FCC, Stelera acquired the licenses in 2006 at auction but later filed for bankruptcy. Verizon believes the transfer is in the public interest because it will put the spectrum to use to bolster its LTE 4G network. If approved, Verizon will gain 10 to 40MHz of AWS-1 spectrum across 114 counties in Colorado, Kansas, New Mexico, and Texas.
When combined with Verizon’s current AWS-1 spectrum holdings, the Stelera acquisition would give Verizon 20 to 50MHz of spectrum across the covered regions.
The FCC has accepted the application for review. No dollar value was placed on the spectrum transfer.
