Verizon Wireless (NYSE:VZ) is in discussions with a number of rural wireless carriers to license them its 700 MHZ LTE spectrum, in a bid to expand the reach of its LTE network.
Verizon Wireless CEO Lowell McAdam made the disclosure in an interview with the Wall Street Journal. The deals, which have not yet been finalized, would grant the carriers access to spectrum that Verizon paid close to $10 billion for in 2008 via the FCC’s 700 MHz auction.