T-Mobile Buys Verizon Spectrum in $3.3B Deal

Even while rumors spin about Sprint snapping up T-Mobile, the nationEUs fourth-largest wireless carrier continues to push toward its goals.

The company just announced it has inked deals to acquire certain 700 MHz A-Block spectrum licenses from Verizon Wireless for $2.365 billion in cash, as well as the transfer of certain AWS and PCS spectrum licenses, which have an aggregate estimated value of approximately $950 million.

The end result: combined with T-MobileEUs existing A-Block holdings in Boston, the transactions mean the company now has what it calls EUimportantEU low-band spectrum in nine of the top 10 and 21 of the top 30 markets across the United States.

The Value of Low-Band Spectrum

EUThis is a great opportunity to secure low-band spectrum in many of the top markets in America,EU said John Legere, president and CEO of T-Mobile. EUThese transactions represent our biggest move yet in a series of initiatives that are rapidly expanding our already lightning fast network and improving its performance across the country. We will continue to find ways to advance our customersEU network experience just as our bold un-carrier moves have shaken up the wireless industry to benefit consumers.EU

T-Mobile is pushing that message hard, calling the deals EUsignificant transactionsEU that will further enhance the network experience that T-Mobile expects will create shareholder value. HereEUs why: Low-band spectrum substantially improves in-building coverage as well as coverage in rural areas. It also travels greater distances than high-band spectrum and therefore is a more efficient way to provide coverage at the edge of cities and in less densely populated areas.

Combined with its existing Boston A-Block holdings, T-Mobile said it will have low-band spectrum covering approximately 158 million people -- including New York, Los Angeles, Dallas, Houston, Philadelphia, Atlanta, Washington D.C., and Detroit. T-Mobile anticipates rolling out service and compatible handsets on this...

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