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Company Statement: Verizon Wireless to conduct spectrum license sale

( April 19, 2012, 22:14 GMT | Official Statement) -- MLex Summary: Verizon Wireless plans to conduct an open sale process for all of its 700 MHz A and B spectrum licenses. The sale of the licenses is contingent on the close of Verizon Wireless’ pending purchases of AWS licenses from SpectrumCo (an entity jointly owned by Comcast, Time Warner Cable, and Bright House Networks), Cox and Leap Wireless. These transactions are at varying stages of review by the Federal Communications Commission and the Department of Justice and are expected to close by mid-summer.Statement appears in full as follows:...

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