Home » Latest Technology » T-Mobile buys spectrum worth $3.3B from Verizon

T-Mobile buys spectrum worth $3.3B from Verizon


T-Cell has expressed its want to procure the 700MHz A-Block low-band spectrum from Verizon. The service bargains $2.365 billion in money in addition to $950 million price of its personal spectrum in northern California and Atlanta. This brings the whole price of the deal to $three.315 billion.

Over 158 million folks use the low-band 700MHz spectrum in huge US markets reminiscent of New York, Los Angeles, Dallas, Houston, Philadelphia, Atlanta, Washington D.C., and Detroit. T-Cellular says it’s going to start rolling out services and products and suitable handsets on this A-Block spectrum as early because the This autumn 2014.

T-Cellular CEO and President John Legere says the acquisition is a “nice chance to stable low-band spectrum in most of the high markets in The usa.

The deal has first to move in the course of the FCC and the Division of Defence ahead of T-Cell will get grasp of the low-spectrum band.