The airlines have warned that a 5G rollout would cause hundreds of flights to be canceled, diverted or delayed.
Verizon is selling the two companies to private equity firm Apollo Global Management for $5 billion.
Mid-band frequencies are often described as the Goldilocks range of the spectrum, where 5G signals fly fast and far.
The airwaves on the auction block include frequencies in what's called the mid-band range, allowing 5G signals to travel fast and far.
Verizon will pay up to $7 billion in cash and stock, angling for a piece of the pre-paid phone plan market, which keeps growing in the pandemic.
There's a trade off between how fast people can download things … and whether coverage can reach people in remote areas.
With so many options available, the margins for cable providers just aren’t there anymore.
Verizon created Oath out of its investments in “legacy” digital media companies AOL and Yahoo. The goal was to compete with internet giants Facebook and Google. It seems that the world’s biggest wireless network just wasn’t able to make that work. Click the audio player above to hear the full story.
Verizon has announced some major internal shuffling: It will create three new operating groups, one each for consumers, business customers and media offerings. The restructure reflects a race between internet providers to offer faster speeds.