NEW YORK (Reuters) -
Verizon Wireless will use the airwaves
it acquired in a recent government auction to build faster
wireless broadband networks to deliver high-speed services, the
Wall Street Journal said on its Web site.
Verizon Communications Inc, which jointly owns Verizon
Wireless with Vodafone Group Plc, is scheduled to hold a
webcast later on Friday to discuss its plans for the spectrum's
use.
AT&T, which acquired about $6.64 billion worth of
additional airwaves in the auction, has already said it will
use the spectrum to move into the next generation of wireless
services.
According to the companies, the "so-called
fourth-generation networks" won't be ready for at least three
years, the Journal reported.
Neither company was immediately available for comment.
(Reporting by Aarthi Sivaraman; Editing by David Holmes)
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