Verizon Bags More 4G Airwaves From Investors

Verizon will improve its 4G capacity in New York, Pennsylvania, Connecticut, Indiana, and Kentucky thanks to a deal with two companies you've probably never heard of—Spotlight Media and MCG—according to Brian Goemmer from Allnet Insights. Spotlight and MCG are controlled by the family of Michael Gelfand, a Florida doctor with a long history of investing in wireless. The transfer generally involves a small, 5x5 megahertz slice of the old 1900MHz "PCS" band, although Verizon is getting more spectrum in the Southern Tier of New York, according to Allnet, which tracks spectrum holdings and transfers on a daily basis. The deal also involves a small amount of 1700MHz AWS spectrum in Louisiana