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Jan. 18, 2007

Yesterday, Verizon Wireless said it is looking to extend its reach in northern California through a newly announced spectrum license acquisition.

Verizon Wireless has agreed to pay $4.5 million to acquire a wireless spectrum license from Alpine-Monterey.

The license covers a population of 426,000 people in California's Salinas-Monterey area.

Verizon Wireless says the license will help it boost capacity in the area and meet the growing demand for wireless services.

On the other side of the country, the carrier announced it spent $318 million in upgrades to its New England network last year.

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Source: Wireless Week