The US Department of Justice approved a sale of unused wireless spectrum to Verizon today, marking one of the largest spectrum sales to a single corporate entity in history. The unused portion of the AWS spectrum is owned by a number of cable companies (known collectively as "SpectrumCo") that bought it during the FCC AWS auction back in 2008.
Of course, back in the old spectrum heydays of, uh, four very long years ago, those megahertz were a lot cheaper. In fact, $1.3 billion cheaper. The cable company axis of evil consortium purchased the AWS blocks for a comparatively paltry $2.3 billion at the time.
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