US wireless giant Verizon plans to add additional firepower to its arsenal.

SpectrumCo, the deal covers 259 million Americans. Verizon Wireless has announced Friday that it plans to acquire some 122 advanced wireless service (AWS) spectrum licenses from SpectrumCo, a joint effort formed by tech giants such as Comcast, Time Warner and Bright House Networks, for a whopping $3.6 billion. The spectrum covers a massive 259 POPs. Telco giant Comcast owns 63.6% of SpectrumCo and Comcast will take massive $2.3 billion from the spectrum sellout. Media giant Time Warner Cable owns 31.2% of SpectrumCo and will make approximately $1.1 billion. And Bright House Networks which owns 5.3% of SpectrumCo will take $189 million on the spectrum deal. As a part of this monstrous deal, Comcast, Time Warner and Bright House Networks will have the option to sell Verizon wireless service through wholesale channels. This monstrous deal, together with Comcast’s Wi-Fi strategy, will enable Comcast to better execute a comprehensive, long-term wireless strategy and expand Comcast’s focus on providing mobility on its own Xfinity services. Verizon Wireless will buy the spectrum to add additional firepower to its arsenal, the wireless giant has been building out its own LTE network, trying to outflank and surpass rival like Sprint and AT&T. Spectrum is a very serious matter, it’s the raw material on which wireless network are built, buying the spectrum will give Verizon a knock out punch in the highly competitive wireless space and solidifies its network leadership, it will also allow Verizon to bring even much better 4G LTE products and services in the market. Verizon to spend$3.6 B to acquire 122 AWS spectrum licenses from SpectrumCo. The timing is great for Verizon, the massive deal comes at a time when market demand for wireless services and bandwidth is increasingly rapidly, reaching a record high, pushing company like Verizon to its limit. This spectrum sale is an important step forward ensuring that the massive needs and desires of consumers for additional services will not be interrupted by the industry’s current spectrum shortage, Verizon need this deal because it has the industry's expectation that the company need to sustain.If Verizon want to stay on power they need to make some bold move to power its advances in the market. The companies also announced that they have agreed and entered into several commercial agreements involving the sale of various products and services. Under these deal, the cable companies, on the other hand, and Verizon on the other part, will become agent to sell one another’s products and services. The cable companies also will have the option of selling Verizon’s service in the market on wholesale basis. Maps provided by Phonescoop Cable companies are always looking for better ways to provide new and exciting product offerings and services in the market, they expect that the spectrum deal will just make this possible and will help them achieve that goal to add additional value to it customers, and provide a much better services. This is a major game-changing event for the whole wireless industry, why? because its involve some of the most powerful in the tech world, Comcast, Time Warner Cable, Bright House Network and wireless powerhouse Verizon. With this deal Verizon will now able to leapfrog some of its major rivals on the market. The deal will also give Verizon a major weapon on its bid for supremacy in the highly competitive wireless space. The deal is subject to approval by the US federal Communications Commission and review under the Hart-Scott Rodino Act and other customary conditions, so consumers will have to wait, and the SpectrumCo’s transfer of its advanced wireless spectrum to US wireless giant Verizon will take more time and effort.