Fri, 25th Jan 2013 15:22
NEW YORK, Jan 25 (Reuters) - AT&T Inc said Friday ithas agreed to buy wireless airwaves from Verizon Wireless for$1.9 billion in cash and spectrum licenses in five markets.
AT&T said the licenses it is buying cover a population of 42million people in 18 U.S. states.
It expects to close the deal, which is subject to regulatoryapproval, in the second half of 2013.
Verizon Wireless is a venture of Verizon Communications and Vodafone Group Plc.
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