Breaking Rumor: Verizon to buy XO

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Breaking Rumor: Verizon to buy XO

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Spectrum is the new beach front property according to Peter Radizeski @radinfo and he has a very reliable source which tells him Verizon is in late-stage talks to purchase XO Communications.

More from Peter:

"XO is the largest owner of LMDS spectrum, currently [2007] worth $35.8 million, in the nation. NextLink, the wireless operation of XOHO, recently launched its broadband wireless services in Las Vegas and increased its wireless portfolio to 14 markets at the speed of covering 1 to 2 metro areas/month: Washington DC, Boston, Atlanta, Tampa, Miami, Nashville, Chicago, Kansas City, Dallas/Ft. Worth, Houston, LA, Seattle, Phoenix, Las Vegas - already more than its almost only competitor in LMDS fixed wireless services, FiberTower. The remaining large LMDS spectrum owner, Level 3, through its acquisition of Telecove." [seekingalpha] IDT also owned a chunk of this spectrum too.

We'll see if he is correct - I have a lot of trust in his scoops - he has been very accurate in the past. As a reminder, I told you about Verizon's Terremark spin off eight months before the Reuters exclusive. Hopefully TMCnet will be two for two on Verizon rumors.


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