Deval, yes, that figure obviously counts extant Cellular 850 MHz and PCS 1900 MHz spectrum. Let me use your neck of the woods, NYC, as an example. Here are VZW's total spectrum holdings in NYC:
Cellular 850 MHz: 25 MHz
PCS 1900 MHz: 40 MHz
AWS 2100+1700 MHz: 40 MHz
Lower 700 MHz: 12 MHz
Upper 700 MHz: 22 MHz
Total: 139 MHz
However, VZW has told the FCC that it will divest the Lower 700 MHz A block 12 MHz license. Additionally, of the Upper 700 MHz C block 22 MHz license, 2 MHz is unusable for LTE, and of the Cellular 850 MHz B block 25 MHz license, arguably 5 MHz is unusable for LTE. So, VZW's total potentially usable spectrum for LTE stands at 120 MHz right now.
AJ