According to an SEC filing this morning, T-Mobile US has made another move to boost its spectrum holdings. They’ve done a deal with Verizon Wireless involving both cash and a spectrum exchange to give them more depth form future LTE expansion.
T-Mobile US will be parting with $2.365B in cash plus some AWS and PCS spectrum licenses worth an estimated $950M. In exchange, Verizon will be parting with 700Mhz A-Block spectrum covering more than 150M people across a swath of the major urban areas of the USA.
This transaction will surprise nobody, as something like it has been talked about for some time. Indeed most of the financing for this transaction will come from the $2B in cash they recently raised a month or so back for just this sort of thing. No doubt T-Mobile US will be in the market for other spectrum as well.
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