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AT&T agrees to buy spectrum from rival

Deal with Verizon worth $1.9 billion

Posted: January 26, 2013 at 3:17 a.m.

An AT&T salesman demonstrates a mobile phone at an AT&T store in Chicago. AT&T has agreed to buy the rights to airwaves from Verizon Wireless to bolster its network.

An AT&T salesman demonstrates a mobile phone at an AT&T store in Chicago. AT&T has agreed to buy the rights to airwaves from Verizon Wireless to bolster its network.

AT&T Inc., the second biggest U.S. wireless carrier, has agreed to acquire the rights to a section of the radio spectrum from larger rival Verizon Wireless for $1.9 billion, helping to bolster its network in a region that covers 42 million people.

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Business, Pages 31 on 01/26/2013

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