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Verizon to auction spectrum worth billions

By The Associated Press

This article was published April 18, 2012 at 11:09 a.m.

— Verizon Wireless said Wednesday that it will auction the rights to use some radio frequencies, which could be worth billions of dollars.

Verizon bought the rights to use the frequencies from the government for $4.4 billion in 2008. They were formerly used by UHF TV stations.

Buyers could use the spectrum to offer wireless broadband in cities including New York, Washington, Philadelphia, Chicago, Dallas, Houston, Los Angeles and Miami.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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