Andre Yoskowitz
6 Jan 2014 20:58
T-Mobile has acquired significant spectrum today from Verizon Wireless that should help boost the company's networks.
The 700 MHz A-Block spectrum will cost the carrier $2.365 billion in cash and the "transfer of certain AWS and PCS spectrum licenses will have an aggregate estimated value of approximately $950 million."
After the deal is completed, T-Mobile will have low-band spectrum in 9 of the top 10 and 21 of the top 30 markets across the United States.
T-Mobile CEO and President John Legere was very pleased by the acquisition, calling it a "great opportunity to secure low-band spectrum in many of the top markets in America." He added: "These 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 customers' network experience just as our bold Un-carrier moves have shaken up the wireless industry to benefit consumers."