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November 21, 2012

Panhandle Telecommunication Systems Enters Agreement with Verizon Wireless to Acquire 700 MHz Spectrum License Sale

A leading broadband and communications solution company in Guymon, Panhandle Telecommunication Systems, has entered into an agreement with Verizon Wireless to acquire 700MHz lower B-block license of Texas RSA-2 Hansford.

The license agreement covers 12 counties in northwestern part of Texas, and is subject to approval from the Federal Communications Commission (FCC).

Earlier this year, Verizon Wireless announced sale of its lower 700MHz spectrum licenses, following which the company entered into an agreement with Nortex Communications last week, and recently with Panhandle Telecommunication Systems.

At the same time, however, Verizon Wireless continues to evaluate the bids for other 700MHz spectrum licenses, which intrinsically cover innumerable small rural markets and major cities across the country.

All license agreement transactions will require an appropriate regulatory approval from their respective communications commission.

Verizon Wireless, the leading carrier in the United States, with some of the best spectrum in the country, is now planning to getting rid of its additional 700 MHz spectrum licenses after declaring the regulators that the company would return all unused spectrum to the market. It is expected that sale of these unused bits of spectrum can ideally help the small time networks and other starter companies to gain high-performance traction in a somewhat established mobile landscape.

The company also plans to share its spectrum with 20 other rural operators as a part of “LTE in Rural America” program. Verizon will team up with the rural operators to build and operate high-performance 4G network across those areas.

Verizon has entered into its first license sale agreement with an independent telephone company in Muenster, Texas. Nortex Communications, as the company is named, covers almost four county areas northwest to Dallas. Today, the company entered into agreement with Panhandle Telecommunication Systems, which also serves almost 12 counties in northwest part of Texas.

Both the 700MHz spectrum license sale agreements are still subject to approval from the FCC.

According to an official report posted earlier this year, Verizon Wireless has already sold 24 of its lower 700MHz spectrum licenses to a smaller carrier company, Leap Wireless. The company owns brands like Cricket, and specializes in prepaid mobile phone network. The company has other licenses in important metropolitan locations like New York and Los Angeles as well.

Verizon Wireless is expected to be a good steward of bits of spectrum it owns. In addition to its agreement with Panhandle Telecommunication Systems, Verizon has already entered into sale agreements of its 26 lower 700MHz spectrum licenses with nine major telecommunications companies in 13 states.

Headquartered in Basking Ridge, NJ, Verizon Wireless is a joint venture of Vodafone and Verizon Communications, operating the country’s largest 4G LTE network and the most reliable and largest 3G network.

Launched in December 2010, the company is a landmark in wireless data and voice services, making 4G LTE available to more than 250 million people across the country.

Edited by Braden Becker

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