T-Mobile Buys Spectrum Worth $3.3B From Verizon

By 01:55 Sun, 18 Jul 2021 Comments

T-Mobile has expressed its desire to acquire the 700Mega Hertz (MHz) A-Block low-band spectrum from Verizon. The carrier offers $2.365 billion in cash as well as $950 million worth of its own spectrum in northern California and Atlanta. This brings the total worth of the deal to $3.315 billion.

Over 158 million people utilize the low-band 700Mega Hertz (MHz) spectrum in large US markets such as New York, Los Angeles, Dallas, Houston, Philadelphia, Atlanta, Washington D.C., and Detroit. T-Mobile says it'll start rolling out services and compatible handsets on this A-Block spectrum as early as the Q4 2014.

T-Mobile CEO and President John Legere says the acquisition is a "remarkable opportunity to secure low-band spectrum in many of the top markets in America."

The deal has first to go through the FCC and the Department of Defence before T-Mobile gets hrecent of the low-spectrum band.

Source | Via



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