AT&T just purchased $1.9 billion worth of spectrum from Verizon

AT&T has been struggling to expand its 4G LTE network, and today reports say the company is dropping $1.9 billion in order to do so. The chunk of cash will buy unused spectrum from its biggest competitor, Verizon. The deal between the two companies will see upgraded service for 42 million users across 18 States. The unused spectrum consists of 39, 700MHz B block wireless licenses and will further support AT&T's plan to offer 4G LTE to as much as 270 million users by the year's end. It took around 8 months for the two carriers to reach an agreement.