FCC approves Verizon’s $1 billion spectrum purchase

WASHINGTON, May 14 : The Federal Communications Commission said Thursday it has approved Verizon’s 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.

Last year after T-Mobile acquired most of U.S. Cellular’s wireless operations and 30 per cent of its wireless spectrum in a $4.4 billion deal, the remainder of the company changed its name to Array Digital Infrastructure.