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Wireless

T-Mobile buys 700 MHz spectrum from Verizon for USD 2.4 bln

Monday 6 January 2014 | 13:44 CET | News
T-Mobile US has agreed to buy additional spectrum in the 700 MHz band from Verizon Wireless for USD 2.365 billion cash and a swap of other frequencies. Verizon will gain AWS and PCS spectrum worth around USD 950 million as part of the deal. T-Mobile already holds spectrum in the same 'A block' of the 700 MHz band in Boston and the deal with Verizon gives it the important low-band spectrum in nine of the top ten and 21 of the top 30 markets in the US. In total, T-Mobile will have low-band spectrum covering 158 million people, including New York, LA, Dallas, Houston, Philadelphia, Atlanta,

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Categories: Mobile & Wireless
Companies: T-Mobile US / Verizon Wireless
Countries: United States
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