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Verizon Wireless acquires NextWave licenses.(BUSINESS)

Article from: 2.5G-3G | May 1, 2005 | Copyright

Verizon Wireless has completed the acquisition of NextWave Telecom Inc.'s PCS spectrum licenses across 23 markets in the U.S. The deal, announced in November 2004, is worth $3 billion. The network caters to about 73 million people. The 10 and 20MHz licenses will aid the expansion of Verizon's network capacity and also introduce it to new markets such as …

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